USD temporarily stops falling

USD exchange rate today (April 18): Early morning of April 18, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased by 6 VND, currently at 24,893 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 0.02% to 99.40.

USD exchange rate today in the world

The US dollar gained in the last trading session, while the euro weakened slightly after the European Central Bank (ECB) cut interest rates for the seventh time in a year.

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

The greenback has largely steadied this week and traded in a narrow range against the common European currency, following sharp declines last week on concerns about the economic impact of tariffs and investors moving funds abroad.

“Our medium-term outlook remains fairly bearish on the dollar, so we see this as a minor bounce,” said Eric Theoret, FX strategist at Scotiabank.

Traders are closely watching discussions between the administration of US President Donald Trump and trading partners.

On April 17, President Donald Trump said he hopes to reach a trade deal with China.

The US leader and close ally Italian Prime Minister Giorgia Meloni have expressed optimism about resolving trade tensions that have strained US-European relations, ahead of talks at the White House.

Mr. Trump also praised great progress in tariff negotiations with Japan on April 16.

The ECB has cut interest rates to their lowest level since late 2022, in a bid to support the struggling eurozone economy, which is being hit hard by US tariffs.

Meanwhile, US Federal Reserve Chairman Jerome Powell said on April 16 that the Fed would wait for more data on the direction of the economy before changing interest rates, but warned that President Donald Trump's tariff policies risked pushing inflation and employment further away from the central bank's targets.

On April 17, Mr. Trump called on the US Central Bank to cut interest rates.

Data released on April 17 showed the number of Americans filing new claims for unemployment benefits fell last week, suggesting labor market conditions remained stable in April.

The euro fell 0.41% on the day to $1.1351, below a three-year high of $1.1473 hit late last week. Against the Japanese yen, the dollar rose 0.51% to 142.54. It had earlier hit 141.60, its lowest since Sept. 18.

Against the Swiss franc, the greenback gained 0.97% to 0.821.

Meanwhile, the AUD rose 0.24% to 0.6385, after new data showed Australian employment recovered in March.

The pound rose 0.1 percent to $1.3253, after hitting $1.3292 on April 16, its highest since October 2.

USD exchange rate today, April 18: USD temporarily stops falling. Photo: Reuters

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on April 18, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 6 VND, currently at 23,893 VND.

* The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,699 VND - 26,087 VND.

USD exchange rates at commercial banks are as follows: