On the morning of April 2nd, the State Bank of Vietnam announced the central exchange rate at 24,835 VND/USD, a slight decrease of 2 VND compared to yesterday. Meanwhile, exchange rates at commercial banks fluctuated upwards.
At Vietcombank , the USD price increased sharply by 80 dong in both buying and selling rates, currently reaching 25,430 dong/USD (buying) and 25,820 dong/USD (selling). Several other banks recorded significant differences in buying and selling prices. Specifically, NCB had the lowest buying rate at 25,295 dong/USD for cash, while HSBC had the highest buying rate at 25,480 dong/USD.
In the afternoon,OCB recorded the lowest selling price at 25,700 VND/USD for cash, while MB offered the highest price for transfers at 25,850 VND/USD. In the free market (black market), the USD price decreased by 13 VND in both directions, currently trading around 25,830 – 25,900 VND/USD.
On the international market, the Dollar Index (DXY), which measures the strength of the USD against six major currencies, fell slightly to 104.14 points. The USD is under pressure as investors worry about the tariff policies that the Trump administration is expected to announce tomorrow.
According to Reuters, US manufacturing activity declined in March, following two consecutive months of growth. At the same time, inflation at the factory gate rose to its highest level in nearly three years. This has raised concerns that new tariffs could drive up consumer prices and production costs, impacting the entire economy .
Labor market data was also not very encouraging, with job vacancies falling to 7.568 million in February. Corpay strategist Karl Schamotta believes the latest data is a sign that the US economy is facing the risk of stagflation, making it difficult for the Federal Reserve to manage monetary policy.
Meanwhile, the US dollar fell 0.45% against the Japanese yen, to 149.3 JPY/USD. The euro also declined 0.5% to 161.37 JPY/USD. Forecasts for labor reports and jobless claims data to be released later this week will be key indicators for assessing the health of the US economy amid changing trade policies.
Marc Chandler, chief market strategist at Bannockburn Global Forex, noted that the market is "holding its breath" awaiting the official announcement of tariffs. While the scale and timing of implementation are unclear, many believe the new tariffs may be initially shocking but not lasting.
The Washington Post reported that the White House is considering imposing tariffs of around 20% on most imports into the US. European Commission President Ursula von der Leyen said the EU is ready to negotiate but also warned of retaliatory measures if necessary.
The euro edged lower today to $1.0807 after recording its strongest quarterly gain since late 2022. Meanwhile, the Australian dollar recovered slightly to $0.6277 after the Reserve Bank of Australia decided to keep interest rates unchanged.
Geopolitical tensions continue to impact markets, particularly following news of China conducting military exercises around Taiwan. Additionally, expectations of future interest rate cuts by the European Central Bank due to weak economic data are also pushing the euro and regional bond yields slightly lower.
Source: https://baoquangnam.vn/ty-gia-usd-hom-nay-2-4-2025-tiep-tiep-giam-do-thue-quan-3151944.html
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