Exchange rate of the US dollar today (May 8): the US dollar is straightening up after the Fed meeting

Meanwhile, on the American market, the US dollar index (Dxy) measuring greenback fluctuations compared to six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.63% to 99.87.

US dollar exchange rate today in the world

The US dollar has straightened up to the main currencies, including the Yen and the Euro, during the last negotiation session, after the American Federal Reserve (Fed) decided to maintain unchanged interest rates, in accordance with market expectations.

The FED maintained its benchmark interest rate unchanged at 4.25%-4.50%, but said that the risks of inflation and unemployment increased, while American economic prospects remained uncertain.

“The Fed was a little more aggressive than the market expected,” said Marvin Loh, the main strategist for global markets at State Street in Boston.

The greenback also increased by 1% against the Japanese Yen to 143,840, ending a three -day sequence of losses, while Japanese markets reopened after two days of vacation.

At a later press conference, the president of the Fed, Jerome Powell, said that the Central Bank could not make political decisions until the Directorate of the US economy was clear.

The dollar increased by 0.09% against the Swiss franc in volatile exchanges, at 0.82210 franc. Earlier in the week, the greenback has reached its lowest level since January 2015 at 0.8032.

On May 7, US President Donald Trump suggested that China had launched next high -level commercial negotiations between the two countries and said it did not want to reduce customs duties on Chinese products.

On May 4, addressing journalists on the plane, US President Donald Trump said he was not intended to speak to Chinese President Xi Jinping. However, US officials discussed many questions with Chinese officials.

The American secretary of the Treasury Scott Bessent and the commercial negotiator Jamieson Greer will meet the Chinese “magnate” He Lifeng in Switzerland this weekend for discussions that could potentially appease trade tensions. This is the first formal dialogue since President Donald Trump imposed a 145 % rate on Chinese products, thus triggering a trade war.

The information on the meeting was announced by the Washington Administration late on May 6 and later confirmed by Beijing, in a context where companies and consumers on both sides are increasingly concerned about rising costs and the disturbances of supply chains, due to a series of new tax policies of President Trump.

In a contrasting development, the euro dropped 0.44% to $ 1,13,1650, breaking three consecutive gains sessions. Previously, the German conservative leader Friedrich Merz had been elected German Chancellor by the National Assembly on May 6 in the second ballot.

The Bank of England should probably reduce its interest rates at its monetary policy meeting today, May 8. The Sterling book dropped by 0.52% to $ 1,3,3310, but gained 0.21% to 0.85080 against the Euro.

The Chinese yuan dropped 0.22% against the greenback at 7.227, while China announced a long -awaited drop in interest rates.

US dollar exchange rate today domestic

On the internal market, at the start of the May 8 negotiation session, the State Bank announced that the central exchange rate of the Vietnamese Dong compared to the US dollar had decreased by 8 VND, currently to 24,930 VND.

* The reference exchange rate rate at the State Bank Transaction Office has slightly decreased, currently to: 23,734 VND – 26,126 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 increased slightly, currently to: 26,836 VND – 29,661 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: 166 VND – 183 VND.