Foreign exchange rates today July 30: The greenback increased sharply on...

On July 30, the global financial market continued to witness a strong acceleration of the USD in the context of major trade agreements between the US and key partners...

On July 30, the global financial market continued to witness a strong acceleration of the USD in the context of major trade agreements between the US and key partners that changed the exchange rate landscape. Domestically, the VND/USD exchange rate also recorded an upward trend, but at a relatively mild adjustment level.

World market foreign exchange rates

The dollar hit a one-month high against the euro on July 29 after the US signed a series of large-scale trade agreements with major economies , including the EU and Japan. Meanwhile, international investors are focusing on the US Federal Reserve's policy meeting and possible monetary policy signals in September.

The US Dollar Index (DXY), which measures the greenback's strength against a basket of six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), rose 0.28% to 98.91 - its highest level since June 23. Notably, on the morning of July 30, DXY continued to incline to 99.01, marking an increase of more than 1% in just two sessions, heading for the strongest weekly increase since the beginning of the year.

The euro, the main rival of the US dollar, fell 0.39% to trade around $1.154775 per euro, its lowest in more than a month. The common European currency lost as much as 1.29% in the previous session, its biggest one-day loss since mid-May. If the current trend continues, July will be the first month this year that the euro has lost value against the US dollar.

The greenback was boosted by President Donald Trump’s signing of a $600 billion trade deal with the European Union over the weekend. The deal includes a 15% import tariff on most EU goods and a commitment from the EU to increase US energy and defence spending. It follows a $550 billion deal with Japan signed a week ago and is a central part of the administration’s strategy to reshape trade relations.

Meanwhile, trade talks between the US and China in Stockholm ended without a clear breakthrough, but the two sides agreed to extend the tariff truce for another 90 days. Meanwhile, markets are closely watching signals from the Fed as it begins its two-day policy meeting, although most forecasts favor keeping interest rates unchanged. However, investors expect the Fed to provide clearer signals at its September meeting amid upcoming jobs and trade data.

In other currency pairs, the US dollar fell 0.05% against the Japanese yen to 148.465 JPY/USD, but rose 0.28% against the Swiss franc to 0.806 CHF/USD. The British pound and Canadian dollar also fell slightly under pressure from the USD.

Domestic exchange rate

In the domestic market, the State Bank of Vietnam announced on the morning of July 30 that the central exchange rate between the Vietnamese Dong and the USD was 25,206 VND/USD, up 24 VND compared to the previous day. This is the highest level since the beginning of July, reflecting an upward trend similar to the world market.

At the State Bank of Vietnam, the listed buying rate was 23,996 VND/USD and the selling rate was 26,416 VND/USD, both slightly higher than the previous session.

At commercial banks, the USD exchange rate was also adjusted upward. Vietcombank bought at 26,010 VND and sold at 26,400 VND. BIDV listed the buying rate at 26,040 VND and the selling rate at 26,400 VND. VietinBank recorded the buying rate at 25,890 VND and the selling rate at 26,400 VND. Meanwhile, VPBank has the highest USD cash buying rate at 26,333 VND, while SCB holds the position of the highest USD selling bank at 26,410 VND.

In the free market (black market), the USD price continued to increase rapidly. At 4:30 a.m. on July 30, the black market exchange rate was around 26,449 - 26,519 VND/USD, an increase of 63 VND in both buying and selling compared to the previous session.

Regarding other major currencies, the EUR exchange rate at the State Bank of Vietnam decreased to 27,749 VND for buying and 30,670 VND for selling. At commercial banks, the EUR price fluctuated from 29,487 to 31,197 VND. The Japanese Yen also recorded a slight decrease, with the price at banks ranging from 170 to 182 VND/JPY.

Source: https://baolamdong.vn/ty-gia-ngoai-te-hom-nay-30-7-dong-bac-xanh-tang-manh-tren-toan-cau-thi-truong-trong-nuoc-bien-dong-nhe-384319.html