As of the close on October 3rd, the USD Index (DXY), which measures the greenback’s strength against a basket of six major currencies, stood at 97.71 points, down 0.47 points from the previous week.
At midnight on October 1st, U.S. Eastern Time (11 a.m. Vietnam time), the U.S. government officially shut down most of its operations. Despite last-minute negotiations in Congress, no breakthrough was reached between the Democratic and Republican parties to secure funding for the government beyond September 30th, the end of the 2024-2025 fiscal year.
Approximately 750,000 federal employees will be furloughed without pay, and some may face termination depending on decisions from the Trump administration. Numerous federal agencies face temporary closure, with the possibility of permanent shutdowns if the budget impasse persists. Critical sectors such as education, environmental protection, and various public services are expected to halt, causing widespread administrative disruptions. Analysts warn that the economic fallout from this shutdown could spread across the United States.
The paralysis of federal agencies heightens expectations that the Federal Reserve will continue cutting interest rates. The crisis may delay the release of key economic data, which the Fed relies on for monetary policy decisions, thereby diminishing the dollar’s appeal.
Source: SBV
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In Vietnam, the central exchange rate on October 3rd was set by the State Bank at 25,162 VND/USD, a decrease of 29 VND from the previous week. With a ±5% band, commercial banks can trade within the range of 23,904 – 26,420 VND/USD.
At the Foreign Exchange Reserve Management Department, the reference rate was 23,954 – 26,370 VND/USD (buying – selling), down 31 and 33 VND respectively from the previous week.
Source: VCB
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At Vietcombank, the USD/VND rate closed the week at 26,170 – 26,420 VND/USD, down 13 VND on the buying side and 33 VND on the selling side.
Source: VietstockFinance
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In the free market, the USD/VND rate traded around 26,515 – 26,615 VND/USD, up 25 VND on both sides compared to the previous week.
– 20:29 05/10/2025
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