Currency Fluctuations: USD and CNY Trends on February 5, 2026

In-Depth Analysis

### Vietnamese Dong (VND) vs. USD and CNY On February 5, 2026, the State Bank of Vietnam set the central exchange rate at 25,066 VND/USD. Commercial banks like Vietcombank and BIDV reported slight decreases in the USD and CNY exchange rates. For example, Vietcombank's CNY rate adjusted to 3.687 - 3.805 VND/CNY.

### US Dollar (USD) Trends The US dollar index experienced a dip, settling around 97.4, as the delay in economic data releases created uncertainty among investors. This delay was primarily caused by the partial government shutdown in the US. The postponement of job openings data and the January employment report left the market without clear signals about the US labor market's strength.

### Factors Influencing the USD Despite the data delay, the dollar had previously gained value following President Trump's nomination of Kevin Warsh as the next Federal Reserve chair. Warsh is perceived as less dovish compared to other candidates. Moreover, robust US manufacturing data alleviated some expectations of aggressive interest rate cuts by the Fed. Markets are still pricing in the possibility of two rate cuts by the Fed this year, potentially in June and October.

### Australian Dollar (AUD) Impact In related news, the Australian dollar rose to approximately $0.703, driven by hawkish policy signals and a positive services sector PMI. The Reserve Bank of Australia had recently raised interest rates for the first time in two years, citing strong economic growth and persistent inflation.

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FAQ

What caused the US dollar to weaken?

The US dollar weakened due to delays in economic data releases resulting from a partial government shutdown.

How did the Vietnamese Dong perform against the USD and CNY?

The Vietnamese Dong generally showed a slightly downward trend against both the USD and CNY on February 5, 2026.

What is the expected outlook for Federal Reserve interest rate cuts?

Markets anticipate that the Federal Reserve might implement two interest rate cuts this year, possibly in June and October.

Takeaways

Monitor currency exchange rates closely if you're involved in international trade or investment in Vietnam.
Be aware of how US economic data and Federal Reserve policy can impact the dollar's value.
Understand that global economic factors, such as interest rate decisions in Australia, can influence currency markets.

Discussion

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Sources

Bugünkü döviz kurları, 5 Şubat: Hem ABD doları hem de Çin yuanı aşağı yönlü bir eğilim gösteriyor. Veri açıklamalarının gecikmesi doların değerini düşürdü Dolarda veri düşüşü, işte son durum

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