Trump's announcement causes USD to plummet, other currencies get "rescue"

Foreign exchange rates, USD/VND exchange rate today, January 21, recorded a sharp decrease in the USD after US President Donald Trump announced that he would stop applying new tariffs.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: January 21, 2025 11:30 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,100	25,110	25,450
EUR	EUR	25,766	25,869	26,957
GBP	GBP	30,521	30,644	31,619
HKD	HKD	3,184	3,197	3,303
CHF	CHF	27,353	27,463	28,336
JPY	JPY	159.56	160.20	167.28
AUD	AUD	15,510	15,572	16,088
SGD	SGD	18,311	18,385	18,911
THB	THB	724	727	759
CAD	CAD	17,243	17,312	17,816
NZD	NZD		14,082	14,578
KRW	KRW		16.84	18.60

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on January 21, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,341 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,110 - 25,500 VND.

Vietinbank : 24,980 - 25,490 VND.

Foreign exchange rates, USD/VND exchange rate today, January 21: Mr. Trump announced something that caused the USD to plummet, other currencies have a 'rescue buoy'. (Source: dailyfx)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) fell 1.26% to 108.08.

The dollar has fallen sharply after US President Donald Trump said he would hold off on new tariffs, along with reports that any new tariffs would be applied in a measured manner, providing a “big relief” to other currencies.

Accordingly, Mr. Donald Trump officially became the 47th President of the United States.

In his inaugural address, the 47th President of the United States, Donald Trump, announced emergencies in immigration and energy, as well as foreign policy in the coming period. However, there was only a brief mention of tariff policy.

The market reaction was swift, with the DXY index falling 1.2% in the last trading session, its biggest daily drop since late 2023.

The index is currently anchored at 108.08, just above the support level of 107.70.

In contrast, the euro rose to $1.0416, after rising 1.4% and testing a key resistance level at $1.0435. The European Union (EU) is a net exporter of goods to the US, with a significant trade surplus and is considered a key target for President Donald Trump's tariff policy.

After the US President's inauguration speech, both the AUD and NZD, two currencies of open and trade-dependent countries, rose about 1.5%.

Meanwhile, the USD had a relative increase compared to the Japanese Yen, reaching 155.63.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-211-ong-trump-tuyen-bo-mot-dieu-khien-usd-lao-doc-tien-te-khac-co-phao-cuu-tro-301658.html