Trump's announcement causes USD to plummet, other currencies get "rescue buoy"

Báo Quốc TếBáo Quốc Tế21/01/2025

Foreign exchange rates, USD/VND exchange rate today, January 21, recorded a sharp decrease in the USD after US President Donald Trump announced that he would stop applying new tariffs.


Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: January 21, 2025 11:30 - Time of website source supply
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25,100 25,110 25,450
EUR EUR 25,766 25,869 26,957
GBP GBP 30,521 30,644 31,619
HKD HKD 3,184 3,197 3,303
CHF CHF 27,353 27,463 28,336
JPY JPY 159.56 160.20 167.28
AUD AUD 15,510 15,572 16,088
SGD SGD 18,311 18,385 18,911
THB THB 724 727 759
CAD CAD 17,243 17,312 17,816
NZD NZD 14,082 14,578
KRW KRW 16.84 18.60

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on January 21, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,341 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: 24,980 - 25,490 VND.

Tỷ giá ngoại tệ hôm nay 30/1: Tỷ giá USD, Euro, Yen Nhật, CAD, AUD, Bảng Anh... Thị trường nín thở chờ cuộc họp của các ông lớn ngân hàng thế giới. (Nguồn: dailyfx)
Foreign exchange rates, USD/VND exchange rate today, January 21: Mr. Trump announced something that caused the USD to plummet, other currencies have a 'rescue buoy'. (Source: dailyfx)

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) fell 1.26% to 108.08.

The dollar has fallen sharply after US President Donald Trump said he would hold off on new tariffs, along with reports that any new tariffs would be applied in a measured manner, providing a “big relief” to other currencies.

Accordingly, Mr. Donald Trump officially became the 47th President of the United States.

In his inaugural address, the 47th President of the United States, Donald Trump, announced emergencies in immigration and energy, as well as foreign policy in the coming period. However, there was only a brief mention of tariff policy.

The market reaction was swift, with the DXY index falling 1.2% in the last trading session, its biggest daily drop since late 2023.

The index is currently anchored at 108.08, just above the support level of 107.70.

In contrast, the euro rose to $1.0416, after rising 1.4% and testing a key resistance level at $1.0435. The European Union (EU) is a net exporter of goods to the US, with a significant trade surplus and is considered a key target for President Donald Trump's tariff policy.

After the US President's inauguration speech, both the AUD and NZD, two currencies of open and trade-dependent countries, rose about 1.5%.

Meanwhile, the USD had a relative increase compared to the Japanese Yen, reaching 155.63.



Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-211-ong-trump-tuyen-bo-mot-dieu-khien-usd-lao-doc-tien-te-khac-co-phao-cuu-tro-301658.html

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