Strong increase, record high

The State Bank announced the central exchange rate at 24,936 VND/USD, up 38 VND compared to the previous session. At Vietcombank, the listed USD buying price was 25,792 VND and selling price was 26,182 VND, up 42 VND in both directions.

VIB is buying USD in cash at the lowest price, only 25,340 VND and for transfer at 25,400 VND. Meanwhile, HSBC is buying at the highest price of 25,898 VND. VietinBank leads in transfer prices, buying at 26,183 VND. VIB is also selling USD at the lowest price today: 25,760 VND.

In the international market, the Dollar Index (DXY), which measures the strength of the USD against a basket of six major currencies, jumped to 102.21 points. However, the USD fell against the Yen and the Swiss Franc, as investors sought safe assets amid volatile markets.

The 30-year OIS swap spread is at -98 basis points, indicating that investors are pulling money out of US assets. George Saravelos of Deutsche Bank said that the US market is collapsing across stocks, bonds and the US dollar, and warned that the trend of "de-dollarization" is becoming clearer.

The reason is believed to be that investors, including hedge funds, had to sell assets to meet margin calls after their portfolios suffered heavy losses, adding to the market's volatility.

The euro benefited from positive political news in Germany and rose 0.7% to $1.1033, nearing its recent high. However, analysts at Citi cut their eurozone growth forecasts for 2025 and 2026 and lowered their inflation expectations.

Markets are expecting the Fed to cut rates by 105 basis points this year, while the ECB could cut rates by 85 basis points. Both moves reflect expectations of monetary policy easing in the face of rising economic risks.

In China, the yuan fell 0.5% against the dollar to 7.387. It had previously hit a peak of 7.4288. Analysts warned that further devaluations could be possible in response to the escalating trade war with the United States.

MUFG experts said the weakening yuan was a direct result of speculation about devaluation and the impact of new tariffs. Meanwhile, Japan's economy, with its stable foundation and flexible monetary policy, is expected to continue to attract international investment. The Bank of Japan governor also left open the possibility of temporarily suspending interest rate hikes to cope with the current situation.

Source: https://baoquangnam.vn/ty-gia-usd-hom-nay-10-4-2025-tang-manh-ghi-nhan-muc-cao-ky-luc-3152421.html