USD exchange rate today (April 29): USD turns to decrease again

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) decreased by 0.53% to 98.94.

USD exchange rate today in the world

The US dollar slipped across the board in recent trading sessions, as investors cautiously awaited more news on US trade policy and prepared for a week of important economic data.

In afternoon trading, the US dollar fell 1.1% against the Japanese yen to 142.10, marking its biggest one-day drop since April 10. The euro also rose against the greenback, up 0.5% to $1.1419.

Chart of DXY index fluctuations in the past 24 hours. Photo: Marketwatch

The dollar fell 0.7 percent to 0.8205 francs against the Swiss franc. The dollar had earlier gained against the Swiss currency.

The US dollar is headed for its biggest monthly decline since last July.

Meanwhile, the euro is on track for its biggest monthly gain against the dollar in nearly 15 years. The greenback trimmed its monthly losses against both the euro and the yen late last week amid positive developments in US-China relations. The Trump administration has signaled openness to reducing tariffs and China has exempted some imports from 125% tariffs.

However, while Mr Trump has insisted there has been progress and he has spoken to President Xi Jinping, China has denied trade talks are taking place.

US Treasury Secretary Scott Bessent said on April 29 that America's top trading partners have made very good proposals to avoid US tariffs and one of the first agreements to be signed will likely be with India.

Investors are also awaiting the US April jobs report, due later this week.

US Federal Reserve (Fed) officials including Fed Chairman Jerome Powell have indicated that they would be ready to cut interest rates if there were risks that hinder economic growth.

The US will also release first-quarter GDP data - the Fed's inflation gauge - and core PCE this week, while preliminary GDP and inflation figures are also due in Europe.

Elsewhere, the euro fell 0.4% against the pound to 85.03, following a widespread power outage in Spain earlier in the week.

Meanwhile, Canadians went to the polls in the general election on April 28.

Meanwhile, the Bank of Japan will hold a monetary policy meeting on May 1. No policy changes are expected at this time. Markets will focus on how policymakers plan to steer the economy, especially as trade talks between the U.S. and Japan are expected to involve currencies.

USD exchange rate today, April 29: USD turns down again. Photo: Reuters

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on April 29, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 12 VND, currently at 23,960 VND.

* The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,762 VND - 26,158 VND.

USD exchange rates at commercial banks are as follows: