The Dollar Index (DXY), which measures the greenback against a basket of six major currencies, continued its recovery during the day, reaching nearly 99.65 after a slight correction to 99.20 earlier. The DXY is aiming to break the weekly high around the 100.00 mark.
Market sentiment was boosted by reports that China is considering suspending 125% tariffs on medical equipment and some chemicals imported from the US, according to Bloomberg. These positive signals have raised hopes that trade tensions between the world's two largest economies may ease.
Over the past week, statements from the White House have been upbeat about the progress of negotiations with Beijing. President Donald Trump said that discussions were going well and that he was confident that a deal would be reached. In an interview with Time Magazine, Trump also revealed that Chinese President Xi Jinping had called him, insisting that this was not a sign of weakness on China’s part.
However, China was quick to deny the reports. A spokesperson from the Chinese embassy said that no consultations or negotiations on tariffs were taking place, and urged the US to stop misleading them. This claim was reinforced by Beijing’s assertion that economic and trade negotiations have not begun unless the US completely cancels its unilateral tariffs.
On the monetary policy front, many Fed officials have expressed concern about the uncertainty caused by President Trump’s new economic policies. Minneapolis Fed President Neel Kashkari warned that continued uncertainty could lead to a wave of job cuts at businesses, although there are currently no signs of large-scale layoffs. Kashkari noted that some businesses have prepared plans to reduce jobs if the uncertainty continues.
In the domestic market, at the beginning of the trading session on April 26, 2025, the State Bank announced the exchange rate of Vietnamese Dong to EUR at 28,337.77 VND.
The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 26,952 VND - 29,789 VND.
In terms of buying, SHB continues to be the leading bank with cash and transfer purchase prices at 29,466 VND/EUR, the highest price on the market.
Meanwhile, VIB bank maintained the lowest position, with a cash purchase price of only VND 27,196 and a transfer price of VND 27,296, about VND 2,200 lower than the group of banks with the highest prices.
On the selling side, OCB is currently the bank listing the highest selling rate on the market, with the cash selling price being 30,628 VND and the transfer price being 30,528 VND/EUR.
The lowest selling price belongs to VIB, with 28,279 VND for cash and 28,179 VND for transfer.
Source: https://baonghean.vn/ty-gia-euro-hom-nay-26-4-2025-giam-nhe-do-usd-phuc-hoi-10295999.html
Comment (0)