USD exchange rate today April 21, 2025: Unable to regain momentum

The price action over the past week has shown that the DXY is struggling to bounce back. Markets continue to worry about the impact of President Donald Trump's tariff policies on the US economy , causing investors to seek safer assets and reducing the attractiveness of the USD.

According to CME's FedWatch tool, traders are expecting the US Federal Reserve (Fed) to cut interest rates by a total of 86 basis points by the end of this year, starting in July. This is a factor that continues to put downward pressure on the US dollar, although Fed Chairman Jerome Powell still maintains a cautious stance.

The yield on the 10-year US Treasury note fell last week, defying expectations of a rise. Current support is around 4.2%, while resistance is at 4.4%. A break below 4.2% could see yields fall further to 4.0%. Conversely, a break above 4.4% could see yields bounce to 4.7% and as far as 4.85%.

In the short term, the outlook for DXY remains gloomy. The 100 – 100.50 area is currently a strong resistance zone, hindering the recovery. If DXY falls below 98.50, the downtrend could extend to 96. Conversely, to reverse the situation, the index needs to surpass 102.50 – something analysts say is not feasible at the current stage.

In terms of EUR/USD, the euro is struggling to hold above 1.1250. If it holds, the euro could continue to rise to the 1.16 area, even heading towards 1.20 in the coming months. However, if it loses the support level of 1.1250, the exchange rate could fall to 1.1150.

The domestic USD exchange rate on April 21 recorded slight fluctuations compared to the previous session. The State Bank announced the central exchange rate between the Vietnamese Dong and the USD at 24,898 VND.

At the State Bank of Vietnam, the USD reference exchange rate was listed at 23,704 VND for buying and 26,092 VND for selling, a slight increase compared to the previous session.

At commercial banks, the buying and selling prices of USD fluctuate between 25,620 VND and 26,130 VND. Specifically, Vietcombank buys at 25,730 VND and sells at 26,120 VND; Vietinbank lists 25,620 VND - 26,130 VND; BIDV trades at 25,760 VND - 26,120 VND.

The euro exchange rate also tends to increase. The State Bank of Vietnam recorded the euro exchange rate at 26,905 VND (buy) and 29,738 VND (sell).

At Vietcombank , the euro is bought at 28,736 VND and sold at 30,310 VND. BIDV buys at 29,038 VND and sells at 30,301 VND. Vietinbank lists 28,670 VND - 30,380 VND.

For Japanese yen, the exchange rate at the State Bank of Vietnam is 166 VND (buy) and 184 VND (sell). At commercial banks, this exchange rate fluctuates around 175 - 187 VND.

Vietcombank bought at 175.83 VND and sold at 187 VND; BIDV bought at 178.5 VND and sold at 186.81 VND; Vietinbank listed at 178.09 VND - 187.79 VND.

Source: https://baoquangnam.vn/ty-gia-usd-hom-nay-21-4-2025-chua-the-lay-lai-da-tang-3153263.html