World USD exchange rate developments
Illustration photo. Photo: Internet
The Dollar Index (DXY) – a tool that measures the strength of the greenback against a basket of six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) – is currently closing at 98.31, down 0.28 points compared to April 28, 2025.
The US dollar held steady, little changed against the euro at $1.1365 and up 0.2% against the Swiss franc to 0.8280 francs, Reuters reported.
The dollar fell 0.5% against the yen, taking the exchange rate to 142.99 yen, marking its biggest monthly decline in nearly two and a half years, as Mr Trump shook confidence in US assets.
Meanwhile, the euro is on track for its strongest monthly gain against the dollar since November 2022. The greenback also pared some of its losses against the euro and yen late last week following fresh signs of reconciliation in US-China relations.
Investors are now focused on the US April jobs report, due out next Friday, which is expected to show job growth remains positive, albeit at a much slower pace than last month.
Comments from Federal Reserve officials, including Chairman Jerome Powell, have indicated they are ready to cut rates if there are significant risks to growth. But most want to assess the impact of Mr. Trump’s tariffs on economic indicators such as inflation and employment before making a decision.
“So unless the hard data – especially employment and consumption – clearly weaken, the Fed is unlikely to act before July. They need a real downturn to justify a move, not just forecasts or soft indicators,” said Saxo Bank chief investment strategist Charu Chanana.
The US will also release first-quarter GDP data and the core personal consumption expenditures (PCE) price index – the Fed’s preferred inflation measure – this week, while Europe will also release preliminary GDP and inflation figures.
Domestic USD exchange rate
In the domestic market, at the beginning of the trading session on April 29, the State Bank announced that the central exchange rate between VND and USD decreased by 3 VND, down to 24,960 VND.
The reference exchange rate at the State Bank's Transaction Office meanwhile recorded a slight increase in buying and selling rates, currently trading at 23,762 VND - 26,158 VND.
According to Vietcombank , the USD exchange rate is listed at 25,780 - 26,170 VND/USD, down 30 VND in both directions compared to the previous session.
At VietBank, the lowest recorded USD cash purchase price is: 1 USD = 24,020 VND.
At VietBank, the lowest recorded USD transfer purchase price is: 1 USD = 24,050 VND.
Meanwhile, PVcomBank is offering the highest USD cash purchase price on the market: 1 USD = 25,970 VND.
Similarly, the highest USD transfer purchase price belongs to PVcomBank with: 1 USD = 26,013 VND.
On the selling side, VIB currently has the lowest USD cash selling price: 1 USD = 25,760 VND.
At the same price, VIB is also selling USD transfers at the lowest rate in the market: 1 USD = 25,760 VND.
On the contrary, the highest current USD cash sale price belongs to Kien Long Bank with the price: 1 USD = 26,208 VND.
The highest USD transfer selling price on the market is currently listed by ABBank, reaching: 1 USD = 26,207 VND.
For EUR, the State Bank Exchange announced a slight increase in buying and selling rates, at 26,945 VND - 29,781 VND.
Meanwhile, the Japanese yen exchange rate at the State Bank of Vietnam's transaction office slightly decreased, currently standing at 165 VND - 183 VND.
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Source: https://doanhnghiepvn.vn/kinh-te/ty-gia-ngoai-te-ngay-29-4-usd-quay-dau-giam-nhe/20250429071858176
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