USD exchange rate today September 7, 2025

Domestic USD exchange rate

On the morning of September 7, the State Bank of Vietnam (SBV) announced the central exchange rate at 25,248 VND/USD, an increase of 10 VND compared to the previously listed rate. At the SBV Exchange, the reference exchange rate was adjusted to 24,036 VND/USD (buy) and 26,460 VND/USD (sell).

Contrary to the world trend, billion USD at domestic commercial banks recorded a slight increase:

Vietcombank: adjusted to 26,160 - 26,510 VND/USD (buy - sell), up 10 VND for buying and 5 VND for selling compared to the end of September 6.

BIDV: listed at 26,140 - 26,500 VND/USD.

VietinBank: keep high selling price at 26,510 VND/USD.

Notably, the free USD price maintained a sideways trend, with no fluctuations compared to the previous trading session. The black market USD exchange rate was traded stably around 26,814 - 26,914 VND/USD.

World USD exchange rate

In the international market, the USD has been under strong downward pressure over the past 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 come from:

Fed rate cut expectations: A series of US economic data, especially a weaker-than-expected labor market report, reinforced investors' expectations that the Federal Reserve (Fed) will soon loosen monetary policy to respond to the risk of recession.

Concerns about Fed independence: Political instability and pressure from the US government on the central bank have raised cautious sentiment, increasing selling pressure on the USD.

The USD’s performance in the world market last week was described as a series of highly volatile days. The greenback plunged at the end of the week after the employment report was below expectations, almost “guaranteeing” an interest rate cut in September.

Analysts say the downward pressure on the USD globally will remain the main factor in the coming trading sessions. The Fed’s upcoming decision on interest rates will be the key point in determining the direction of the greenback.

Domestically, the exchange rate is expected to continue to fluctuate within a stable range, under the management of the State Bank. The narrowing gap between the bank rate and the black market rate shows that liquidity in the free market has improved.

Despite being affected by the sell-off wave in the world market, the domestic foreign exchange market has maintained stability thanks to flexible monetary policy measures. Investors are advised to closely monitor the moves from the Fed and the domestic foreign exchange supply and demand to make appropriate decisions.