Exchange rate rebounds after nearly a week of stability

The central exchange rate on July 15 set a new record high. The State Bank announced the central exchange rate at 25,148 VND/USD, up 22 VND/USD compared to the previous session. With a 5% amplitude, the ceiling exchange rate is currently around 26,405 VND/USD.

Exchange rates at banks also recorded the first increase after nearly a week of being quite stable. At Vietcombank , the common exchange rate was 25,950 VND/USD (buying by transfer) and 26,310 VND/USD (selling), up 20 VND compared to yesterday. Compared to the ceiling rate, the remaining buffer is still nearly 100 VND/USD. However, the above developments show that pressure on the exchange rate has returned in the context of the international USD continuing to strengthen.

Last week, tariff data was one of the factors supporting the exchange rate to stabilize in the short term. According to the forecast of Mr. Nguyen The Minh, Director of Research and Development for Individual Clients at Yuanta Securities Vietnam, the exchange rate may fluctuate more when the new tariff extension date of August 1 is near, as the tax rate for both Vietnam and other countries may change when the countries negotiate further with the US.

The US Dollar Index (DXY) is currently above 98 points, its highest level in the past three weeks. Investors are watching the US CPI report for June, which will be released soon. Fed Chairman Jerome Powell recently acknowledged that inflationary pressures could increase due to new tariffs, pushing back expectations of interest rate cuts.

Meanwhile, President Donald Trump continued to put pressure on monetary policy, saying that interest rates should be cut to 1% or lower. At the same time, he signaled his willingness to negotiate but also warned of the possibility of imposing 100% tariffs on Russia if a peace agreement with Ukraine is not reached within the next 50 days.

Previously, there was information that the Fed Chairman was under pressure to resign due to maintaining high interest rates for a long time. According to experts from Yuanta Securities Vietnam, the interest rate reduction scenario may also change if the pressure from Mr. Trump is strong enough because the President is currently under pressure from the tariff negotiations that have not gone as expected and the fear of inflation.

DXY index rebounded strongly from the bottom.

While the central exchange rate and the exchange rate at banks have both increased due to the resurgence of the international USD, the USD price on the free market has slightly decreased. However, according to a survey at some stores, the USD price is still much higher than that of banks with the common selling rate at 26,420 VND.

The domestic gold price has also been adjusted despite the upward trend of the world market. In the domestic market, the SJC gold price this morning was listed at 119.1 million VND/tael (buy) and 121.1 million VND/tael (sell), down 400,000 VND/tael compared to the end of last week. The difference between the buying and selling prices continues to be maintained at a wide 2 million VND/tael, showing the cautious mentality of businesses in the context of strong gold fluctuations.

Meanwhile, the world gold price has increased again after the adjustment at the beginning of the week. Currently, the spot gold price reached 3,361 USD/ounce, while the August 2025 futures contract on the Comex floor traded at 3,370 USD/ounce, up about 10 USD/ounce compared to the previous session.

International gold prices are receiving support from uncertain factors related to US trade policy.

So far, President Trump has sent letters to the leaders of 25 countries about the new tariffs that will take effect from August 1, in which the tax rate on imports from the EU and Mexico is 30%. However, investors still expect the possibility of negotiations in the period before the policy takes effect.

Source: https://baodautu.vn/ty-gia-bat-tang-sau-gan-mot-tuan-on-dinh-d331927.html