The euro continues its increase, the dollar continues to fall

Exchange rates update table – USD Agribank exchange rate today

Evolution of exchange rates on the internal market

On the domestic market, according to le journal World and Vietnam Newspaper, On May 7 at 8 am, the State Bank announced that the central exchange rate of the Vietnamese Dong had decreased by 6 VND, currently at 24,938 VND.

The American dollar exchange rate rate at the Vietnam State Bank is indicated to: 23,742 VND – 26,134 VND.

The exchange rates of the US dollar in commercial banks are as follows:

Vietcombank: 25 760 – 26 150 VND.

Vietin bank: 25 630 – 26 140 VND.

Global market development

The US dollar index (DXY) measuring the greenback movements compared to six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.44% to 99.40.

The US dollar continues to fall due to concerns about trade agreements.

Investors are expecting details on the trade agreements that the Trump administration has declared negotiating with other countries, including China.

Trump said some agreements would be announced this week.

“The market has been nervous about trade agreements, since the 90-day delay on customs prices without any announcement,” said Eugene Epstein, head of North American structuring at MoneyCorp.

The US dollar dropped 0.86% against the Japanese Yen at 142.445.

Meanwhile, the Euro continued its earnings after the German Parliament elected the chief of the Conservative Bloc Friedrich Merz as Chancellor. The EUR increased by 0.50% to $ 1,1371.

The market focuses on the monetary policy of the American Federal Reserve (Fed) today (May 7), during which the Fed should maintain its unchanged interest rates.