Morning of April 25: Central exchange rate continues to increase

According to a survey by thoibaonganhang.vn, as of 9am this morning (April 25), the central exchange rate increased by 20 VND compared to the previous session. The USD buying and selling prices at most commercial banks were adjusted to increase with a common amplitude of 5-30 VND compared to the previous session.

The greenback edged up slightly, with the US dollar index on track to gain 0.27% this week, snapping a four-week losing streak, though it remains near a three-year low.

The dollar rose 0.22 percent to 142.95 yen and 0.41 percent to 0.8304 Swiss francs, after swinging sharply following US President Donald Trump's erratic messages on trade deals and intervention in the US Federal Reserve.

The dollar fell 1% on Monday this week when Donald Trump threatened to fire Fed Chairman Jerome Powell, but rebounded 1.5% on Tuesday after Trump backed off the threat and expressed his intention to “cool down” tariffs on China. However, Beijing denied holding talks, contradicting Trump’s claim that direct talks were taking place, causing the dollar’s gains to stall.

The euro fell 0.36% to $1.1349.

The British pound traded at $1.3306, down 0.27%.

The Australian dollar fell 0.19% to $0.5396.

The New Zealand dollar fell 0.17% to $0.5982.

One positive factor came from Washington making initial progress in trade talks with its Asian allies, with the South Korean delegation saying the two sides were aiming for a deal before July, when a moratorium on reciprocal tariffs expires.

On the Japanese side, although the two sides have not mentioned the currency issue, negotiations are still continuing. Japanese Economy Minister Ryosei Akazawa will have a second round of negotiations with US Treasury Secretary Scott Bessent next week.

“If expectations of a tax cut spread, this could improve investor sentiment, reduce the sell-off in US assets and help the dollar move towards 145 yen per dollar,” analysts at Mizuho said.

However, they also warned that if negotiations are still difficult even with Japan – a close ally – the outlook with China is much bleaker.

In Japan, Bank of Japan (BoJ) Governor Kazuo Ueda reaffirmed his readiness to raise interest rates if core inflation moves in line with the 2% target. However, he also cautioned against spillover effects from US tariff policies.

The latest data showed that Tokyo’s core consumer price index rose 3.4% year-on-year in April – the second straight increase. The market now expects the BoJ to keep policy unchanged at its two-day meeting ending on May 1.

Source: https://thoibaonganhang.vn/sang-254-ty-gia-trung-tam-tiep-tuc-tang-163349.html