Foreign exchange rates on March 28, 2025: USD falls after car tax policy is announced

DNVN - The USD weakened on March 28, 2025 after Mr. Trump announced a trade tax policy on cars.

USD exchange rate on the world market

The Dollar Index (DXY), a measure of the strength of the USD against a basket of six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recorded 104.31, down 0.05 points compared to March 27, 2025.

Investors are worried that trade tariffs could hurt U.S. economic growth and could reignite inflation. A press conference on auto tariffs was held at 4 p.m. ET on March 26.

Trump said on March 24 that tariffs on imported cars could be imposed this week, ahead of plans to announce a series of “reciprocal” tariffs next week. Trump and his economic advisers have promised to announce those tariffs, and possibly additional sectoral tariffs, on April 2.

The US dollar had been on a downward trend in recent trading sessions, following a report showing durable goods orders unexpectedly rose in February.

The impact of tariffs on the U.S. economy remains unclear, Minneapolis Federal Reserve Bank President Neel Kashkari said on March 26, noting the possibility that the tariffs could push prices higher or slow economic growth, prompting calls for lower borrowing costs.

In another development, St. Louis Fed President Alberto Musalem assessed that the risk of inflation in the US could remain above the Fed's 2% target or even rise higher, as import tariffs could create prolonged price pressures.

Domestic USD exchange rate

In the domestic market, at the opening of the trading session on March 28, the State Bank adjusted the central exchange rate of VND against USD down to 24,846 VND, down 5 VND compared to before.

The listed exchange rate at the State Bank of Vietnam for buying and selling also decreased slightly, currently at: 23,654 VND - 26,038 VND.

At Vietcombank, the USD exchange rate was recorded at 25,360 - 25,750 VND/USD, unchanged in buying but down 50 VND in selling compared to the previous session.

VietinBank is currently listing the lowest USD cash purchase price at: 25,240 VND/USD.

VietBank is applying the lowest USD transfer purchase rate: 24,650 VND/USD.

The highest USD cash purchase price is currently recorded at VietBank with the exchange rate: 25,620 VND/USD.

VietinBank has the highest USD transfer purchase rate: 25,820 VND/USD.

The lowest USD cash selling rate is currently at HSBC bank, at: 25,688 VND/USD.

The lowest USD transfer selling rate listed by VietBank is: 25,650 VND/USD.

The highest USD cash selling price currently belongs to Saigonbank with: 25,850 VND/USD.

Meanwhile, MB bank has the highest USD transfer selling rate: 25,835 VND/USD.

The EUR exchange rate at the State Bank Exchange recorded a slight decrease, currently listed at: 25,396 VND - 28,070 VND.

The JPY exchange rate at the State Bank of Vietnam also decreased slightly, currently fluctuating at: 157 VND - 173 VND.

Viet Anh (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-28-3-2025-usd-giam-sau-khi-chinh-sach-thue-o-to-duoc-cong-bo/20250330100517949