Trump goes easy on Mexico, USD plummets

Báo Quốc TếBáo Quốc Tế04/02/2025

Foreign exchange rates, USD/VND exchange rate today, February 4, recorded a slight decrease in USD after US President Donald Trump said he would suspend new tariffs on Mexico for a month.


Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: February 4, 2025 08:00 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25,110 25,120 25,460
EUR EUR 25,311 25,413 26,495
GBP GBP 30,387 30,509 31,483
HKD HKD 3,179 3,192 3,298
CHF CHF 27,045 27,154 28,012
JPY JPY 158.70 159.34 166.36
AUD AUD 15,094 15,155 15,666
SGD SGD 18,140 18,213 18,732
THB THB 721 724 755
CAD CAD 16,793 16,860 17,344
NZD NZD 13,718 14,209
KRW KRW 16.45 18.14

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 8:00 a.m. on February 4, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,325 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,110 - 25,500 VND.

Vietinbank: 24,965 - 25,541 VND.

In the free foreign exchange market, the USD/VND exchange rate remained stable compared to the previous session. The exchange rate fluctuated around 25,450 - 25,550 VND/USD, unchanged from the rate announced in the previous session.

Tỷ giá ngoại tệ hôm nay 8/8: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái...Kinh tế Trung Quốc ám đạm, đồng bạc xanh tăng mạnh. (Nguồn: Market wath)
Foreign exchange rates, USD/VND exchange rate today, February 4: Mr. Trump 'goes easy' on Mexico, USD plummets. (Source: Market Watch)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.10% to 108.44.

The DXY index edged down after US President Donald Trump said he would suspend new tariffs on Mexico for a month.

The decision comes after Mexico agreed to beef up control of its northern border with 10,000 National Guard members to stem the flow of illegal drugs, especially fentanyl.

Mexico and the United States will use the month-long suspension to engage in further negotiations, Mr. Trump said.

This boosted the Mexican peso, which rose 1.25% against the dollar to 20.4196. It had earlier fallen to a near three-year low of 21.2882.

“The US delaying the imposition of tariffs on Mexico reflects the view that tariffs are just a trading tool,” said Marc Chandler, chief market strategist at Bannockburn Global Forex.

The euro fell as much as 2.3% to $1.0125 - its lowest level since November 2022.



Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-42-ong-trump-nuong-tay-voi-mexico-usd-lao-doc-303063.html

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