The US dollar fell sharply by 1.06% to 98.32 at the beginning of the week, hitting a three-year low due to weakening confidence in the US economy . The main reason came from President Donald Trump criticizing Fed Chairman Jerome Powell, asking the Fed to quickly lower interest rates. This statement also caused the US stock market to plummet, with all three major indexes falling more than 2%.
The dollar rebounded strongly on April 23, rising 1.36% to 99.64. This improvement came after US Treasury Secretary Scott Bessent revealed the possibility of easing US-China trade tensions in a closed-door meeting. However, the International Monetary Fund has cut its global growth forecast due to concerns about the impact of US tariff policies.
The greenback’s rally continued on April 24, with the DXY index rising 0.86% to 99.78. The impetus came from President Trump withdrawing his threat to fire the Fed Chairman and signaling that he would lower import tariffs on Chinese goods while negotiations were underway, easing concerns about a trade war.
However, by April 25, the USD fell 0.56% to 99.29. The weakness came after the US Treasury Secretary affirmed that he would not unilaterally lower tariffs on China and China also announced that it would not hold economic negotiations if the US did not lift tariffs.
The USD recovered slightly by 0.21% at the end of the week, closing the week at 99.59. The market expected the US-China trade war to cool down when China announced tariff exemptions for some imported goods from the US. However, there is still no clear evidence of a real change in tariff policy, causing the greenback to remain under pressure, losing about 4% since the US imposed tariffs in early April.
In the domestic market, at the beginning of the trading session on April 27, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 50 VND per week, currently at 24,948 VND.
The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,751 VND - 26,145 VND.
On the buying side, VietBank is leading with the lowest price, when listing cash purchase at 25,020 VND/USD and transfer purchase at 25,050 VND/USD. On the other hand, HSBC is having the highest buying price when buying cash and transfer both at 25,943 VND/USD.
On the selling side, VIB continues to maintain the lowest selling price in the market at 25,760 VND/USD for both cash and transfer.
The highest selling price currently belongs to Eximbank, GPBank, LPBank , OceanBank and ABBank, all listed for cash sale at 26,211 VND/USD, a difference of about 450 VND compared to the lowest price.
Source: https://baoquangnam.vn/ty-gia-usd-hom-nay-27-4-2025-lay-lai-da-tang-tuan-3153761.html
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