USD turns down, domestic market slightly increases

USD exchange rate today (April 25): Early morning of April 25, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 31 VND, currently at 24,928 VND.

Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.56% to 99.29.

USD exchange rate today in the world

The US dollar fell again in the last trading session, as investors expressed concerns about the trade war between the US and China.

US assets, including the US dollar, rose in the last trading session, after US President Donald Trump dropped his threat to fire Federal Reserve Chairman Jerome Powell and appeared to soften his stance on China.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch

Treasury Secretary Scott Bessent said separately that the US would not preemptively lower tariffs on Chinese goods of more than 100%. However, the dollar’s gains were muted in the trading session. China said there were no talks on trade and urged the US to lift all unilateral tariffs if it really wanted to resolve the issue.

However, US President Donald Trump still affirmed on April 25 that trade negotiations with China are ongoing.

Earlier, China's Ministry of Commerce said on April 21 that Beijing respects all parties seeking to resolve trade disputes with the United States through equal consultations. China also called on all parties to uphold international economic and trade rules and the multilateral trading system. However, the Ministry also warned that Beijing would take countermeasures in a "resolute and reciprocal" manner if any country signed a trade deal with the United States that was disadvantageous to Beijing.

“There seems to be a huge gap between the U.S. and China in terms of trade negotiations,” said Matt Weller, director of market research at StoneX. “And I think as long as that gap remains, the greenback rally is unlikely to last.”

The yen led the gains, sending the dollar down 0.54% to 142.700, but still above the 140 level broken last week.

The US dollar has been hit hardest by Donald Trump's tariffs, falling 4.8% so far in April, marking its biggest monthly decline since November 2022.

Investors were shaken when Mr Trump launched a series of verbal attacks on Fed Chairman Powell over his stance that the central bank would not cut interest rates until there was suitable economic data.

Investors' retreat from the US dollar has put it on track for its worst year against other currencies since the 1970s, according to LSEG data.

“Everyone is expecting the US-China trade war to cool down,” said Trade Nation strategist David Morrison.

Meanwhile, the Swiss franc, now at its highest level against the dollar in more than a decade due to large safe-haven flows this month, saw the US currency fall 0.33% against the franc, to 0.82795 francs.

The pound rose 0.55% to $1.3325. British finance minister Rachel Reeves said on April 24 that she was confident Britain could reach a trade deal with the United States.

USD exchange rate today, April 25: USD turns to decrease. Photo: Reuters

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on April 25, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 31 VND, currently at 24,928 VND.

* The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,732 VND - 26,124 VND.

USD exchange rates at commercial banks are as follows: