USD exchange rate today (April 4): USD sinks in red, hits 6-month low - Lang Son Newspaper and Radio and Television Station

USD exchange rate today (April 4): Early morning of April 4, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 3 VND, currently at 24,854 VND.

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 1.87% to 101.94.

The US dollar fell sharply against major currencies in the last trading session, also falling to a six-month low against the euro and the Japanese yen, as investors grappled with the impact of US President Donald Trump's tariff policies on global trade and economic growth.

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

The announcement of “harsher” tariffs sent shockwaves through markets, sending global stocks into the red and forcing investors to move into less risky currencies, bonds and gold, on fears that a sharp global economic slowdown would fuel inflation.

Meanwhile, the dollar reacted little to weaker-than-expected data from the Institute for Supply Management (ISM) on April 3, showing that the US services sector slowed to a nine-month low in March amid uncertainty caused by import tariffs. In addition, the number of Americans filing new unemployment claims fell last week, suggesting continued stability in the labor market.

Investors are also waiting for the non -farm payroll report released today, April 4, for more signals on the labor market situation and the future interest rate policy path of the US Federal Reserve (Fed), as well as a speech by Fed Chairman Jerome Powell today.

In contrast, the euro hit a six-month high, rising 1.74% to $1.1037, its biggest one-day gain since November 2022. The dollar fell 1.95% against the Japanese yen to 146.445 yen and 2.35% against the Swiss franc to 0.8608 franc.

Previously, Mr. Donald Trump said he would apply a basic tax of 10% on all imports into the US and higher taxes on some of the country's largest trading partners. Specifically, President Donald Trump imposed tariffs on aluminum, steel and cars, and increased taxes on all goods from China.

Accordingly, the US will impose a 34% tax on imports from China, 20% on the European Union (EU), 25% on South Korea, 24% on Japan, 32% on Taiwan (China) and 46% on imports from Vietnam.

Other countries subject to the 10% tariff include the UK, Australia, Colombia, Chile, Brazil and Türkiye. Notably, Canada and Mexico are not included in the list of countries subject to the US reciprocal tariffs this time.

Investors fear that some of America's trading partners could retaliate with measures of their own, leading to higher prices.

China's onshore yuan has slid to its weakest level against the dollar since mid-February.

The Mexican peso and CAD rose, while the US dollar fell more than 1% against both currencies.

Canada and Mexico, two of the US's largest trading partners, have faced 25% tariffs on many goods.

USD exchange rate today, April 4: USD sinks in red, hits 6-month low. Photo: Reuters

USD exchange rate today domestic

In the domestic market, at the beginning of the trading session on April 4, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 3 VND, currently at 23,854 VND.

* The reference exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 23,662 VND - 26,046 VND.

USD exchange rate at commercial banks buying and selling as follows: