The US dollar continues to decline slightly.

Việt Nam•18/04/2025

Today's USD exchange rate (April 19): Early morning on April 19, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the USD increased by 5 dong, currently at 24,898 dong.

Meanwhile, in the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), fell 0.15% to 99.23.

Today's USD exchange rate worldwide

The US dollar continued to fall, despite hawkish statements from Federal Reserve Chairman Jerome Powell and solid labor data. Powell warned that persistent inflation amid an economic downturn could lead to stagflation, providing temporary support for the dollar.

Chart showing the fluctuations of the DXY index over the past 24 hours. Image: Marketwatch

However, the market remains focused on growing expectations of interest rate cuts. The March CPI fell to 2.4% year-on-year, while the core CPI dropped to 2.8%, both lower than forecasts. Meanwhile, initial jobless claims fell to 215,000, but the number of claims continued to rise to 1.885 million, indicating strain in the labor market.

According to CME's FedWatch tool, traders are anticipating a total Fed rate cut of 86 basis points by the end of 2025, with the first move projected to occur in July, putting downward pressure on the USD, despite Powell's more cautious stance.

The greenback remained low amid growing concerns about the economic impact of tariffs on the US. Investors are closely monitoring developments in US trade negotiations. Meanwhile, US President Donald Trump criticized Powell for being too slow in cutting interest rates.

US President Donald Trump declared on April 18th that China had made several moves. Speaking at the White House, President Trump said that China had proactively contacted him multiple times since Washington raised tariffs on Beijing's goods to 145%. “I don’t want to raise tariffs on China. If tariffs on China go up, people won’t buy,” he emphasized. The US leader expressed optimism that a trade agreement with China could be reached within three to four weeks.

Earlier, in a post on the social media platform Truth Social on April 17, President Donald Trump expressed optimism about his recent and upcoming trade negotiations with several countries, including Mexico and Japan. The American leader also revealed that China was among the countries wanting to meet with his administration.

“I had a very productive phone call with the President of Mexico. I also met with the top Trade Representatives of Japan. It was a very productive meeting. Every country, including China, wanted to meet! Today it was Italy!”, he wrote.

Earlier, on April 15, the White House released a statement indicating that China now faces tariffs of up to 245%.

USD exchange rate today, April 19: The US dollar continues to decline slightly. Photo: Reuters

Today's domestic USD exchange rate

On the domestic market, at the beginning of the trading session on April 19, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the US Dollar increased by 5 dong, currently at 23,898 dong.

* The reference exchange rate at the State Bank of Vietnam's exchange floor increased slightly for buying and selling, currently at: 23,704 VND - 26,092 VND.

The USD exchange rates at commercial banks for buying and selling are as follows:

USD exchange rate	Buy	Sell
Vietcombank	25,730 VND	26,120 VND
Vietinbank	25,620 VND	26,130 VND
MB	25,760 VND	26,120 VND

* The EUR exchange rate at the State Bank of Vietnam's exchange desk has slightly increased, currently standing at: 26,905 VND – 29,738 VND (buying and selling rates).

The EUR exchange rates at commercial banks for buying and selling are as follows:

EUR exchange rate	Buy	Sell
Vietcombank	28,736 VND	30,310 VND
Vietinbank	28,670 VND	30,380 VND
MB	29,038 VND	30,301 VND

* The Japanese Yen exchange rate at the State Bank of Vietnam's exchange desk increased slightly for buying and selling, currently standing at 166 VND – 184 VND.