Foreign exchange prices on April 24: USD increased again, Dollar Index reached 99.78 points

Illustration photo. Photo: Internet

USD exchange rate on international market

The Dollar Index (DXY), a tool that measures the strength of the greenback against six major currencies including EUR, JPY, GBP, CAD, SEK and CHF, closed at 99.78, up 0.86% from April 23, 2025.

Reuters reported that US Treasury Secretary Scott Bessent expressed confidence that US-China trade tensions would soon be eased, but negotiations with Beijing had not yet begun and would be a "long battle".

“While it is still early days, the mood is clearly changing and what was a strong wave of ‘US sell-off’ that swept through markets yesterday has partially reversed,” said Chris Weston, head of research at brokerage Pepperstone. “The market is getting used to the president saying things on a whim and then reversing his stance as if it was never a big deal.”

Exchange rate developments of major currencies

In yesterday's trading session, the USD jumped as much as 1.1% against the Japanese Yen - considered a safe haven amid investors' withdrawal from US assets - before easing slightly and closing up 0.2% at 141.98, slightly above the seven-month low of below 140.

The euro edged down 0.2% to $1.139, while the pound also retreated 0.2% to close at $1.331.

Trump’s reversal on Fed Chairman Jerome Powell sent long-term Treasury yields back up, easing concerns about financial and currency risks in the United States.

Investors had feared that pressure from the Trump administration to cut interest rates could fuel inflation at a time when new tariffs were pushing up commodity prices.

Jefferies strategist Mohit Kumar said the overall picture is not yet clear enough to trigger a return to US assets. "Volatility is likely to persist, and we would use any sell-off to add to our positions in Europe and Asia. In these markets, it makes sense to remain modest and flexible, focus on the long-term view and trade these headlines," he said.

The US dollar has gained a bit in the past few days, but Swiss multinational investment bank UBS believes the recovery is temporary and expects the currency to weaken further as the new year approaches, said Peter Nurse, market analyst at Investing.com.

The yield on the 30-year US Treasury note fell 14 basis points to 4.74%, while the yield on the 2-year note edged up 3 basis points to 3.82%, reflecting investors' cautious view of the possibility of an immediate rate cut.

Domestic USD exchange rate

In the domestic market, the morning trading session of April 24 recorded the State Bank announcing the central exchange rate between VND and USD increased by 20 VND, reaching 23,897 VND.

At the State Bank of Vietnam, the buying and selling rates decreased slightly, currently at: 23,703 VND - 26,091 VND.

Specifically, Vietcombank listed the USD exchange rate at 25,751 VND for buying and 26,115 VND for selling, an increase of 26 VND in both directions compared to the previous session.

At VIB bank, the lowest recorded USD cash purchase price is 25,340 VND per USD.

The USD transfer buying price at VIB is currently listed at the lowest level of 25,400 VND/USD.

For cash purchases, HSBC is applying the highest price: 25,863 VND to 1 USD.

For transfer transactions, HSBC also maintains the highest buying price at 25,863 VND/USD.

The lowest cash USD selling price at VIB was recorded at 25,760 VND.

Similarly, the lowest USD transfer price at VIB is also 25,760 VND/USD.

A series of banks including ABBank, BIDV, Eximbank, Kien Long, LPBank, MSB, OceanBank, PublicBank, SeABank, Techcombank, TPB, UOB, VietABank, Vietcombank, VietinBank, VRB are listing the highest USD cash selling price at: 26,141 VND/USD.

In terms of transfer selling, banks such as ABBank, Bao Viet, MSB, PublicBank, SeABank and TPB are also applying the highest price of 26,141 VND/USD.

For the Euro, the exchange rate at the State Bank of Vietnam is currently slightly decreasing, fluctuating between buying and selling at: 26,940 VND - 29,776 VND.

The Japanese Yen exchange rate also recorded a slight decrease at the State Bank of Vietnam Exchange, currently at the buying - selling rate: 166 VND - 184 VND.

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Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-24-4-usd-tang-tro-lai-dollar-index-dat-99-78-diem/20250424081313896