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Foreign exchange rates, USD/VND exchange rate today April 2: USD and Japanese Yen both increased slightly, the market is very worried

Foreign exchange rates, USD/VND exchange rate today, April 2, recorded a stable USD, an increase in Yen because US economic data showed weakness in the manufacturing sector and labor market.

Báo Quốc TếBáo Quốc Tế02/04/2025

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: April 2, 2025 08:00 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25,420 25,440 25,780
EUR EUR 27,166 27,275 28,388
GBP GBP 32,488 32,618 33,580
HKD HKD 3,225 3,238 3,346
CHF CHF 28,432 28,546 29,443
JPY JPY 166.95 167.62 174.80
AUD AUD 15,669 15,732 16,252
SGD SGD 18,720 18,795 19,332
THB THB 733 736 768
CAD CAD 17,474 17,544 18,052
NZD NZD 14,278 14,778
KRW KRW 16.67 18.38

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 8:00 a.m. on April 2, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased by 2 VND, currently at 23,835 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,644 VND - 26,026 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,450 - 25,840 VND.

Vietinbank: 25,471 - 25,831 VND.

(Nguồn: CNBC)
Foreign exchange rates, USD/VND exchange rate today, April 2: USD and Japanese Yen both increased slightly. (Source: CNBC)

World market developments

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.01% to 104.20.

The dollar was steady, while the yen rose as US economic data showed weakness in the manufacturing sector and the labor market.

Manufacturing in the world's largest economy contracted in March after two straight months of expansion amid growing concerns that tariffs will raise prices for consumers and businesses.

Another report from the US Department of Labor also showed that the number of jobs fell to 7.568 million in February 2025.

“The manufacturing sector has been hit hard by the changes in US President Donald Trump’s policies, and the global economy could be hit hard in the coming months,” said Karl Schamotta, chief market strategist at Corpay.

Markets are nervous ahead of Trump’s tariff announcement today (April 2). With stories and speculation swirling about the scope, size and duration of the administration’s proposed trade measures, currency market players are holding their breath waiting for details.”

Investors see the Japanese currency as a safer haven than the US dollar in the current climate, as US tariffs could also hurt the country's economy.

Meanwhile, the EUR fell 0.65% to 161.14 Yen.

President Donald Trump announced on March 30 that all countries would face new tariffs this week, although he did not provide specific details. Previously, the leader had talked about a 25% tariff on goods from Europe.

On April 1, the Washington Post reported that White House aides have drafted a proposal to impose a tariff of about 20% on most goods imported into the US.

European Commission President Ursula von der Leyen stressed: "The EU is ready to negotiate with the US on trade, but will take strong retaliatory moves if necessary."

The euro fell 0.29% to $1.0786 after rising 4.5% in the first quarter of the year, its strongest quarterly growth since October 2022, largely thanks to Germany's pledge to ramp up fiscal spending.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-24-usd-va-yen-nhat-cung-tang-nhe-thi-truong-rat-lo-lang-309606.html


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