USD exchange rate today (April 8): Early morning of April 8, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD remains unchanged, currently at 24,886 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) increased by 0.45% to 103.47.
USD exchange rate today in the world
The US dollar continued to recover in the last trading session, but fell against the Swiss franc, as concerns about a global recession increased after US President Donald Trump imposed comprehensive tariffs on trading partners.
Global stock markets continued to fall as investors worried about an economic recession that could lead to a US interest rate cut as early as May, which would negatively impact the greenback.
The dollar hit a six-month low against the Swiss franc, closing down 0.44% at 0.85720 francs, while continuing to rise against other safe-haven currencies. The DXY index rose 0.45% after weakening earlier in the session.
The European Commission proposed imposing 25% tariffs on a range of US goods on April 7 in response to Donald Trump’s tariffs on steel and aluminium. The euro rose as much as 0.7% to $1.1050 at the start of the session, before falling 0.35% to $1.092800.
Meanwhile, the pound hit a one-month low of $1.27125 and closed the session down 1.3% against the greenback.
Although the US dollar is often known as a safe haven asset, it is gradually losing its position following issues surrounding tariff policies as well as concerns about their impact on US economic growth.
Thierry Albert Wizman, global foreign exchange and interest rate strategist at Macquarie in New York, said that looking at the one-year trend, the USD has a rather negative outlook.
The risk-sensitive Australian and New Zealand dollars, as well as the Swedish and Norwegian crowns, all fell against the dollar. The Australian dollar fell to a five-year low early in the session, but later pared losses to fall 1.025% to $0.59835.70, while the New Zealand dollar fell 1.08% to $0.55355, after falling more than 1% earlier in the session.
More than 50 countries have approached the White House to begin trade talks.
Traders have increased bets that the Federal Reserve will cut interest rates more this year, with policymakers expected to ease more aggressively to support growth in the world’s largest economy. The market is pricing in a roughly 65% chance of a rate cut in May, with a cut of about 100 basis points by December.
Fed Chairman Jerome Powell warned late last week that it was too early to decide on the US central bank's move.
USD exchange rate today domestic
In the domestic market, at the beginning of the trading session on April 8, the State Bank announced that the central exchange rate of the Vietnamese Dong against the USD remained unchanged, currently at 23,886 VND.
* The reference exchange rate at the State Bank's transaction office remains unchanged, currently at: 23,692 VND - 26,080 VND.
USD exchange rate at commercial banks buy and sell as follows:
USD exchange rate | Buy | Sell |
25,570 VND | 25,960 VND | |
Vietinbank | 25,620 VND | 25,980 VND |
BIDV | 25,600 VND | 25,960 VND |
* The EUR exchange rate at the State Bank's buying and selling exchange remains unchanged, currently at: 25,151 VND - 28,908 VND.
EUR exchange rates at commercial banks are as follows:
EUR exchange rate | Buy | Sell |
Vietcombank | 27,594 VND | 29,106 VND |
Vietinbank | 28,059 VND | 29,259 VND |
BIDV | 27,898 VND | 29,138 VND |
* The Japanese Yen exchange rate at the State Bank's exchange office remains unchanged, currently at: 162 VND - 179 VND.
Japanese Yen Exchange Rate | Buy | Sell |
Vietcombank | 169.90 VND | 180.70 VND |
Vietinbank | 174.75 VND | 182.75 VND |
BIDV | 172.79 VND | 180.8 VND |
Source: https://baolangson.vn/ty-gia-usd-hom-nay-8-4-dong-usd-tiep-da-phuc-hoi-nhe-5043415.html
Comment (0)