EUR/USD edged lower in the North American session, trading near 1.1345. The euro weakened against a basket of major currencies as investors turned cautious ahead of a slew of key economic data due this week, including the April preliminary harmonized consumer price index (HICP) and first-quarter GDP for the euro area and its major member states.
The upcoming figures will have a major impact on market expectations for the European Central Bank’s (ECB) monetary policy outlook. The eurozone HICP is forecast to fall back to the ECB’s 2% target, marking the slowest pace of price increases since October 2024, while inflation rose 2.2% in March.
Eurozone GDP growth in the first quarter is expected to have been steady at 0.2% compared to the previous quarter. If inflation cools as expected, it will further bolster traders’ confidence in the ECB’s ability to cut interest rates at its June meeting.
This week will provide the first glimpse of whether President Donald Trump’s trade war is starting to impact the economy, experts say. Marc Chandler, chief strategist at Bannockburn Global Forex in New York, said the market is currently in the “calm before the storm” and has traded mostly sideways in the range of last Friday’s session.
The euro is on track for its biggest monthly gain against the dollar since November 2022. The easing of tensions between the US and China late last week helped the dollar pare losses, as both sides signaled a softening of their stance, with the US willing to consider reducing tariffs and China exempting some goods.
However, there have been differences in statements between Washington and Beijing. President Trump has insisted that progress has been made and discussions have been held with President Xi Jinping, while China has denied that talks are taking place. US Treasury Secretary Scott Bessent also said on Sunday that proposals from major trading partners were “good,” with the possibility of a first deal with India.
At 4:00 a.m. today, April 29, the euro exchange rate increased and decreased in opposite directions at banks.
The Euro (EUR) exchange rate at banks today has slight fluctuations between units. In general, the EUR exchange rate at major banks such as ACB , BIDV, VietinBank or Eximbank fluctuates around 29,000 - 30,300 VND/EUR.
In terms of cash buying, OCB is leading with the highest price of 29,298 VND/EUR. SHB is closely followed with a cash buying price of 29,466 VND/EUR. Meanwhile, VIB recorded the lowest cash buying price, only reaching 27,196 VND/EUR, much lower than the general level.
In terms of buying money transfer, the highest price also belongs to OCB and SHB with the same price of 29,466 VND/EUR. On the contrary, VIB continues to be the bank with the lowest buying money transfer price at 27,296 VND/EUR, a large gap compared to other banks.
In terms of selling price, OCB is the bank that listed the highest cash selling price of up to 30,628 VND/EUR and transfer selling price at 30,528 VND/EUR. In contrast, VIB offered the lowest selling price in the market, with a cash selling price of 28,279 VND/EUR and transfer selling price of 28,179 VND/EUR.
Source: https://baonghean.vn/ty-gia-euro-hom-nay-29-4-2025-tang-manh-nhat-3-nam-qua-10296171.html
Comment (0)