US dollar exchange rate today (May 7): the US dollar continues to drop, the euro increases

Meanwhile, on the American market, the US dollar index (Dxy) measuring the greenback fluctuations compared to six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.44% to 99.40.

US dollar exchange rate today in the world

The US dollar continued to drop during the last negotiation session, due to concerns about trade agreements, while the euro extended its earnings after the German Parliament elected the Conservative leader Friedrich Merz as Chancellor.

Investors are expecting details on the trade agreements that the Trump administration has declared negotiating with other countries, including China. Trump said last week that 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 dollar dropped 0.86% against the Japanese yen at 142,445. The Taiwanese dollar (Chinese: 元国) reduced its gains after a record increase in the greenback in a context of market uncertainty concerning pricing policies. The currency dropped 2.6% to 29.931.

The Canadian dollar gained ground after Prime Minister Mark Carney met President Donald Trump during a White House visit on May 6. The Canadian dollar therefore increased by 0.39 % compared to the US dollar, reaching 1.38 Canadian dollars.

The start of commercial negotiations between Trump and Mr. Carney also did not go smoothly when Mr. Trump said that there would be no pricing agreement between the United States and Canada after meeting in the White House.

Before his trip to the United States, Carney would have minimized the expectations of an advance in negotiations with Mr. Trump.

In a contrasting development, the euro extended its earnings after Mr. Merz won the voices necessary to become a German chancellor. The common currency increased by 0.50% to $ 1,1371.

Earlier in the day, Mr. Merz had failed unexpectedly in the first ballot with only 310 votes for, 6 less votes. It was the first time since the war that a candidate of a party who won an election failed to obtain a vote in the lower chamber to become Prime Minister.

The American trade deficit jumped 14 % to a record of $ 140.5 billion in March, the Ministry of Commerce reported on May 6, while companies increased their imports before President Donald Trump’s customs tariffs.

Faced with the Swiss franc, the dollar fell 0.09% to 0.82145 francs. The president of the Swiss National Bank (BNS), Martin Schlegel, said that the SNB was ready to intervene in the foreign exchange markets and to lower interest rates even below zero to prevent inflation from falling below its price for price stability.

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

Meanwhile, the Bank of England is expected to reduce its interest rates by 25 base points tomorrow on May 8. The Sterling book increased by 0.61% compared to the greenback at $ 1,3,3780.

US dollar exchange rate today domestic

On the internal market, at the start of the May 7 negotiation session, the State Bank announced that the central exchange rate of the Vietnamese Dong compared to the US dollar had decreased by 6 VND, currently to 24,938 VND.

* The reference exchange rate rate at the State Bank Transaction Office has slightly decreased, currently to: 23,742 VND – 26,134 VND.

US dollar exchange rate In commercial banks, buy and sell as follows:

* The EUR exchange rate at the Center for the purchase and sale of the State Bank has decreased slightly, currently to: 26,725 VND – 29,538 VND.

EUR exchange rates in commercial banks are as follows:

* The Japanese Yen exchange rate at the State Bank exchange office has increased slightly, currently to: 164 VND – 182 VND.