Morning of April 29: Central exchange rate decreased by 4 VND

The greenback barely recovered from a 0.6% drop in the previous session as investors were confused by conflicting signals on trade talks between the US and China.

US Treasury Secretary Scott Bessent said on Monday that China needed to ease tensions over tariffs, while US President Donald Trump said he had spoken to Chinese President Xi Jinping and that talks were progressing. Beijing denied this, adding to the uncertainty.

“The mixed signals make it difficult to reach a deal. China may be preparing for a prolonged trade war. Despite the chaos of US tariffs, the market is optimistic that the worst is over,” said Carol Kong, an analyst at Commonwealth Bank of Australia.

Market sentiment was also slightly lifted by news that the Trump administration would move to ease the impact of tariffs on imported cars.

While there is little evidence of progress in trade talks between the US and China, both sides appear to have softened their stances in recent days, with the Trump administration signaling openness to reducing tariffs and China exempting some US imports from its 125% tariffs.

Against the yen, the USD rose 0.27% to 142.39 yen per dollar.

Against the Swiss franc, the USD rose 0.39% to 0.8232 francs per dollar.

The euro fell 0.26% to $1.1390, but was on track for its strongest monthly gain against the dollar in nearly 15 years as capital moved out of U.S. assets into Europe.

The British pound is near a three-year high, currently trading at $1.3419 per GBP, down 0.16%.

The Australian dollar fell 0.06% to $0.6427.

The New Zealand dollar fell 0.18% to $0.5969.

The Canadian dollar held steady at C$1.3839 to the US dollar, ahead of Canada's general election, in which tariffs and Donald Trump's idea of annexing Canada are at the centre.

Investors are focusing their attention on US economic data, which could provide some early signs of whether Donald Trump's trade war is working.

Friday's jobs report will be important for markets, along with preliminary first-quarter growth figures and core PCE data - the inflation measure favored by the Federal Reserve - due out earlier.

Expert Carol Kong predicts that US economic data will worsen.

"When weak data comes out, it will continue to put pressure on the USD because investors are now seeing the greenback as a less reliable currency. In fact, the USD is trading more like a risk currency," the expert said.

Source: https://thoibaonganhang.vn/sang-294-ty-gia-trung-tam-giam-4-dong-163506.html