USD exchange rate turns to increase, Euro remains high at nearly 30,160 VND/EUR

After the adjustment in the second half of last week, the exchange rate turned around and regained the 26,000 VND/USD mark, although the DXY index was still at a 3-year low. The EUR/VND exchange rate, although slightly down, remained stable at 30,157 VND to 1 EUR in the selling direction.

On the morning of April 15, the State Bank announced the central exchange rate at 24,891 VND/USD, up 5 VND compared to yesterday. With a trading band of +/-5% as prescribed, the ceiling exchange rate is currently 26.135 VND/USD . At the State Foreign Exchange Reserve Management Department, this agency announced the reference USD exchange rate at a record high of 26,080 VND/USD.

The reference selling exchange rate at the State Foreign Exchange Reserve Management Department is also being applied by many commercial banks to transact with the residential market. At Vietcombank , the USD /VND exchange rate is listed at 25,720 VND/USD (buy) and 26,080 VND/USD (sell), up 80 VND/USD compared to the previous session. The domestic exchange rate is generally still increasing despite the recent sharp decline in the US Dollar Index. Currently, the DXY index is inching closer to the 100-point mark, after three consecutive sessions of decline to a three-year low.

The recovery comes from the stabilizing sentiment of investors, after President Trump signaled that he would temporarily suspend the 25% tax on imported cars . At the same time, investors are waiting for the speech of the Chairman of the US Federal Reserve Jerome Powell this week to get more clues about the possibility of cutting interest rates in the coming months - a factor that could continue to support gold prices if confirmed.

The DXY index measures the strength of the USD against 6 currencies and is calculated from the exchange rates of 6 currencies with the proportions of the euro (EUR) 57.6%, the Japanese yen (JPY) 13.6%, the British pound (GBP) 11.9%, the Canadian dollar (CAD) 9.1%, the Swedish krona (SEK) 4.2%, and the Swiss franc (CHF) 3.6%. The main reason for the recent decline in the DXY index is the strong appreciation trend of the euro. The EUR/USD exchange rate is currently at 1.134 USD to 1 EUR, the highest level since January 2022.

Also because of that, not only the USD/VND exchange rate, the EUR exchange rate has also been continuously increasing recently with the selling rate increasing to 30,157.6 VND to 1 EUR. At commercial banks, although it has decreased significantly compared to yesterday, the EUR exchange rate has increased by more than 10.5% since the beginning of the year. Meanwhile, the USD exchange rate has also increased by more than 2%.

USD falls to 3-year low

While the exchange rate continued to increase despite the weakening of the greenback , domestic gold prices continued to increase sharply, recording a new record high amid the cooling of world gold prices after US President Donald Trump announced a series of adjustments to tariff policies.

At Saigon Jewelry Company (SJC), the listed price of gold bars this morning was VND105.2 million/tael (buy) and VND107.7 million/tael (sell), an increase of VND700,000/tael compared to yesterday. Previously, in the session on April 14, the selling price first reached VND107 million/tael.

Records were broken one after another. On the other hand, prices   World gold prices have had a slight correction after setting a new peak at the end of last week. Currently, the spot gold price is trading at 3,224 USD/ounce. The price of gold futures for delivery in June 2025 on the Comex New York floor is around 3,238 USD/ounce.

Gold corrects from peak price set last weekend

The latest Kitco News weekly gold survey shows that industry experts remain bullish. Last week’s bond market action has boosted gold prices, according to Daniel Pavilonis, senior commodities broker at RJO Futures. The yield on the 10-year U.S. Treasury note spiked above 4.5% last week as the market continued to assess the impact of U.S. trade policy on growth and foreign demand for U.S. debt. However, the yield has narrowed significantly to 4.35% at the moment.

"If long-term US Treasury yields unexpectedly fall sharply, it could cause short-term volatility in gold," he added. Although gold may correct due to profit-taking pressure, the expert continues to expect an upward trend. At the same time, Mr. Daniel Pavilonis said that gold could rise even more strongly if inflation expectations continue to escalate.

Investors are looking ahead to central banks this week. In addition to Federal Reserve Chairman Jerome Powell’s speech on the economic outlook at the Economic Club of Chicago, the Bank of Canada (BoC) and then the European Central Bank (ECB) will announce their monetary policy decisions. While the BoC is expected to keep interest rates unchanged, the ECB is expected to cut its key interest rate to continue supporting the regional economy.

Source: https://baodautu.vn/ty-gia-usd-quay-dau-tang-dong-euro-van-neo-cao-gan-30160-vndeur-d268133.html