USD exchange rate on international market
The Dollar Index (DXY), which measures the greenback's strength against a basket of six major currencies including EUR, JPY, GBP, CAD, SEK, CHF, fell to 102.91, down 0.35% from April 8, 2025.
The rise in the Japanese yen and Swiss franc reflects continued cautiousness as investors seek safe havens amid fears of a global economic slowdown, according to Reuters analysis. The foreign exchange market has been volatile in recent days as investors try to determine which currency is the safest amid the sell-off and which economies are at risk of suffering the most.
The euro edged up 0.3 percent to $1.0936, paring gains of more than 0.7 percent earlier in the day, after the common European currency fell in the last two sessions.
Currencies that typically benefit from rising stock markets also rebounded, with the pound up 0.3% and the Australian dollar up 1% after two consecutive sessions of decline.
“Sentiment is recovering, perhaps due to the view that Trump could focus on protectionism on China and accelerate trade deals elsewhere. However, the market may be too optimistic,” said Francesco Pesole, currency strategist at ING.
Some positive signals from the Trump administration in the tariff negotiations have given investors some hope, with Treasury Secretary Scott Bessent also sharing his belief that upcoming talks will help ease the tariffs.
President Trump announced that Japan will send a delegation to begin negotiations, which sent Japanese stocks soaring in overnight trading.
Against the Japanese yen – an asset often seen as a safe haven in times of uncertainty – the dollar fell 0.6% to 146.95 yen per dollar, after hitting a six-month low. The greenback also lost 0.7% against the Swiss franc. The move dragged the DXY index, which measures the greenback against six major currencies, down 0.3% to 103.12.
Since April 2, when Mr. Trump announced a series of new taxes, the DXY index has decreased by a total of about 0.7%, as investors worry that tax policies could negatively impact the US economy, although the USD is considered a safe haven in the context of a weak market.
“The current volatility is entirely a result of the Trump administration’s policy decisions, which means that if reversed, the impact on financial markets is likely to reverse as well,” said Nathan Lim, chief investment officer at Lonsec Investment Solutions.
China's yuan fell to its lowest level since 2023 after the People's Bank of China slightly adjusted its exchange rate controls, a move seen as a response to pressure from export tariffs.
“It has fueled speculation among market participants that China may allow the yuan to depreciate further to offset the negative impact of the worsening trade war,” said Lee Hardman, an analyst at MUFG.
Domestic USD exchange rate
In the domestic market, in the morning trading session on April 9, the State Bank adjusted the central exchange rate between the Vietnamese Dong and the USD by 12 VND, currently reaching 23,898 VND.
The reference exchange rate at the State Bank of Vietnam remains unchanged for both buying and selling, currently listed at VND23,704 - VND26,080.
Specifically, at Vietcombank , the USD exchange rate was recorded at 25,750 VND for buying and 26,140 VND for selling, an increase of 180 VND for both directions compared to the previous day.
At NCB bank, the lowest recorded USD cash purchase price is: 1 USD = 25,295 VND
The lowest USD transfer purchase price at NCB bank is: 1 USD = 25,345 VND
Sacombank currently has the highest USD cash purchase price: 1 USD = 25,860 VND
VietinBank is applying the highest USD transfer purchase price: 1 USD = 25,984 VND
The lowest USD cash selling price belongs to OCB bank: 1 USD = 25,700 VND
The lowest USD transfer price is also listed by OCB: 1 USD = 25,720 VND
Some banks such as Hong Leong, Kien Long, Nam A, Techcombank, TPB, VietABank and VPBank are selling USD cash at the highest price: 1 USD = 26,142 VND
ABBank maintains the highest USD transfer selling price today: 1 USD = 26,150 VND
The EUR exchange rate at the State Bank Exchange recorded a slight decrease in both directions, currently listed at: 25,897 VND - 28,623 VND.
The Japanese Yen exchange rate at the State Bank of Vietnam also recorded a slight decrease, with the current level being: 160 VND - 177 VND.
Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-9-4-2025-dong-usd-giam-toc-sau-chuoi-ngay-tang/20250409083632375
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