USD exchange rate today (April 23): USD regains upward momentum

Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 1.36% to 99.64.

USD exchange rate today in the world

The US dollar rose after US Treasury Secretary Scott Bessent said in a closed-door meeting that he believes trade tensions between the US and China will cool down.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch

At his closed-door presentation to investors at a JP Morgan conference, Bessent also described future negotiations with the US as a “war” that has not yet begun.

Investor confidence has been shaken by US President Donald Trump's tariff policies, which investors fear could disrupt world trade and hurt the economy .

The International Monetary Fund on April 22 cut its growth forecasts for the United States, China and most countries, citing the impact of US tariffs that are now at their highest level in 100 years.

Investors on April 22 also continued to assess Mr. Trump’s criticism of US Federal Reserve Chairman Jerome Powell. This week, Mr. Trump criticized Chairman Powell for not cutting interest rates, which raised concerns about the stability of the US economy.

Earlier, on April 17, President Donald Trump asserted that he could force Mr. Powell to leave. On the social network Truth Social, Mr. Trump criticized Fed Chairman Jerome Powell for always acting “too slowly and incorrectly”, saying that the Fed should have cut interest rates sooner like other central banks. He also mentioned that “firing Mr. Powell did not happen quickly enough”. In a speech on the same day at the White House, Mr. Trump once again criticized the Fed Chairman for his slowness in cutting interest rates and asserted: “If I wanted him to go, he would go very quickly”.

Minneapolis Fed President Neel Kashkari said the Fed’s independence in monetary policy is fundamental and key to a better economy. He also expressed concern about the risk of a tariff-induced recession after economic confidence plummeted following President Donald Trump’s tariff rollout. “The other component of this is confidence,” Kashkari said. “If everyone gets nervous and cuts back on spending, that could lead to a slowdown or even a recession,” he added.

The US dollar regained momentum, after falling to 97.923 in the previous session, its lowest level since March 2022.

The dollar rose 0.42% to 141.470 yen, after earlier falling below the psychological level of 140 for the first time since mid-September.

Concerns that President Donald Trump's trade policies could lead to a US economic recession have created some demand for US government bonds.

The benchmark 10-year yield is currently at 4.391%, down from earlier in the week.

USD exchange rate today, April 23: USD regains upward momentum. Photo: Reuters

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on April 23, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 9 VND, currently at 23,907 VND.

* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,684 VND - 26,070 VND.

USD exchange rates at commercial banks are as follows: