Domestic USD exchange rate today April 10, 2025
The central exchange rate announced by the State Bank increased by 38 VND to 24,936 VND/USD. At Vietcombank , the buying and selling prices reached 25,792 - 26,182 VND/USD, an increase of 42 VND compared to yesterday.
Several other banks also recorded a sharp increase in USD exchange rates. VIB had the lowest buying price of VND25,340, while VietinBank listed the highest price for transfer transactions at VND26,183. On the selling side, VIB was also the bank with the lowest price – VND25,760/USD.
On the free market, the USD exchange rate was traded at 26,136 - 26,236 VND/USD, up 62 VND each way compared to the previous session.
World USD exchange rate today April 10, 2025
In the international market, the Dollar Index (DXY) reached 102.21 points, up 1.08 points compared to April 9. However, the USD weakened against safe-haven currencies such as the Japanese Yen and the Swiss Franc. The USD lost 1.05% against the Yen and 0.9% against the Franc, reaching a six-month low.
The turmoil in US financial markets has caused investors to pull money out of assets such as stocks and bonds. Many hedge funds have had to sell to meet margin calls as their portfolios have taken losses. The spread on 30-year US Treasury bonds has fallen to -98 basis points, reflecting heightened concerns about financial risk.
George Saravelos from Deutsche Bank said the US is entering a period of unprecedented instability. He said the current policies of the US administration could cause the USD to face a long-term trend of de-dollarization.
Meanwhile, the euro rebounded on positive news from Germany. The parties reached an agreement to form a government, easing political concerns in Europe's largest economy. The euro rose 0.7% to $1.1033, approaching last week's high.
Still, Citi analysts have cut their eurozone growth forecasts to 0.8% in 2025 and 0.6% in 2026. Inflation in the region has also been revised down, suggesting a challenging economic outlook.
The market now expects the US Federal Reserve to cut interest rates by a total of 105 basis points this year, up slightly from its previous forecast. At the same time, expectations for easing from the European Central Bank (ECB) have also been raised, predicting an 85 basis point cut in 2025.
The Chinese yuan fell 0.5% against the dollar to 7.387, after earlier hitting a record high of 7.4288. MUFG analyst Lee Hardman said the yuan’s weakness reflected speculation about a possible devaluation in response to the trade war.
Meanwhile, the Japanese Yen continues to maintain its role as a safe haven asset. With a stable economic foundation and flexible monetary policy from the Bank of Japan, the Yen is expected to continue to benefit if the US falls into recession or the global financial market remains unstable.
Source: https://baonghean.vn/ty-gia-usd-hom-nay-10-4-2025-muc-cao-ky-luc-10294803.html
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