USD exchange rate today April 17, 2025: Continues to weaken

The Dollar Index (DXY), which measures the strength of the USD against six other major currencies such as the euro, Japanese yen or British pound, fell slightly to 99.48 points on April 16, 2025, down 0.68 points from the previous day.

The US dollar continued to weaken in Wednesday trading, reflecting investor concerns about the US economic outlook as trade tensions between the US and China escalate. Meanwhile, the British pound rose despite weaker-than-expected UK inflation data.

The decline in the dollar came after President Donald Trump ordered an investigation into the possibility of imposing new tariffs on all imports of critical minerals – many of which come from China. This is the latest step in the escalating trade war between the world’s two largest economies. The US has raised its total tariffs on China to 145%, while China has responded with retaliatory tariffs of up to 125% on US goods.

Markets are waiting to see whether China will reduce its holdings of US Treasuries – currently around $760 billion – in response to the tariffs. If China suddenly sells, it could trigger a major sell-off in the bond market and the dollar, according to analysts at ING.

Also on the day, the market will be watching US retail sales data, along with a speech by Federal Reserve Chairman Jerome Powell. Earlier, Fed Governor Christopher Waller made a dovish speech, and if Powell expresses a similar view, the dollar could continue to come under downward pressure.

In Asia, the USD/JPY pair fell 0.5% to 142.49, while the USD/CNY pair edged up 0.1% to 7.3236. New data showed that China's first-quarter GDP grew 5.4% year-on-year, beating the 5.2% forecast. Industrial production in March rose sharply by 7.7%, while retail sales also rose 5.9% thanks to government stimulus measures. These positive numbers show that China's economy is recovering rapidly despite external pressures, especially trade tensions with the US.

According to the announcement from the State Bank, the central exchange rate is set at 24,899 VND/USD. The reference exchange rate is listed at 23,705 VND for buying and 26,093 VND/USD for selling.

At commercial banks, the buying and selling prices have a clear difference between units. HSBC is the bank with the highest buying rate, up to 25,729 VND/USD and selling at 25,961 VND.

Agribank also recorded a fairly high buying price of 25,670 VND, while the selling price was 26,030 VND, an increase of 10 VND compared to yesterday.

SHB attracted attention with the strongest increase in buying price, up 40 VND, reaching 25,500 VND.

On the selling side, banks such as Agribank, SHB and HSBC are leading with prices ranging from 26,030 to 25,961 VND.

On the contrary, DongABank and SCB recorded the lowest buying prices in the market, at VND24,130 and VND24,350/USD, respectively.

On the free market (black market), the USD price recorded a sharp decrease in both buying and selling. Specifically, the buying price is currently 26,010 VND and the selling price is 26,120 VND, down 110 VND compared to yesterday.

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Source: https://baonghean.vn/ty-gia-usd-hom-nay-17-4-2025-tiep-tuc-suy-yeu-10295281.html