USD exchange rate today, September 7, 2025
USD exchange rate today, September 7, 2025: The US dollar experienced a weakening week in the international market, and the free market USD price in Vietnam this morning (September 7) is about to reach 27,000 VND.
Domestic USD exchange rate
On the morning of September 7th, the State Bank of Vietnam (SBV) announced the central exchange rate at 25,248 VND/USD, an increase of 10 dong compared to the previous rate. At the SBV's exchange trading floor, the reference exchange rate was adjusted to 24,036 VND/USD (buying) and 26,460 VND/USD (selling).
Contrary to global trends, the value of US dollars held by domestic commercial banks recorded a slight increase:
Vietcombank: adjusted the exchange rate to 26,160 - 26,510 VND/USD (buy - sell), an increase of 10 dong in the buying rate and 5 dong in the selling rate compared to the end of September 6th.
BIDV: quoted at 26,140 - 26,500 VND/USD.
VietinBank: maintains a high selling rate at 26,510 VND/USD.
Notably, the free market USD exchange rate maintained a sideways trend, showing no change compared to the previous trading session. The black market USD exchange rate remained stable around 26,814 - 26,914 VND/USD.
Global USD exchange rate
On the international market, the US dollar came under significant downward pressure last week. The Dollar Index (DXY) – which measures the strength of the greenback against a basket of six major currencies – fell 0.62% to 97.74 points.
The main reasons for the weakening of the USD stem from:
Expectations of Fed interest rate cuts: A series of US economic data, particularly a weaker-than-expected labor market report, reinforced investor expectations that the Federal Reserve (Fed) would soon ease monetary policy to respond to the risk of recession.
Concerns about the Fed's independence: Political instability and pressure from the US government on the central bank fueled cautious sentiment, increasing selling pressure on the USD.
The past week's performance of the USD in the global market has been described as a series of volatile days. The greenback plummeted at the end of the week after a disappointing jobs report, almost guaranteeing an interest rate cut in September.
Analysts believe that downward pressure on the USD globally will remain the dominant factor in the upcoming trading sessions. The Fed's upcoming decision on interest rates will be a key factor in shaping the direction of the greenback.
Domestically, the exchange rate is expected to continue fluctuating within a stable range, under the management of the State Bank of Vietnam. The narrowing gap between the bank exchange rate and the black market exchange rate indicates improved liquidity in the free market.
Despite being affected by the sell-off in the global market, the domestic foreign exchange market has maintained stability thanks to flexible monetary policy management measures. Investors are advised to closely monitor the Fed's actions and the supply and demand dynamics of foreign currency in the domestic market to make appropriate decisions.
