Euro exchange rate today April 18, 2025: Domestic increase, world decrease

The euro (EUR) fell slightly against the US dollar (USD) following the European Central Bank's (ECB) latest policy decision, but quickly recovered and hovered around $1.1365, after hitting an intraday low of $1.1335.

The ECB cut interest rates by 25 basis points, bringing the deposit rate down to 2.25%, as expected by the market. However, the ECB also expressed growing concerns about the economic growth outlook. ECB President Christine Lagarde said the economic downside risks have increased due to global trade tensions, while the current environment remains uncertain.

ING Bank still has a short-term target for EUR/USD at 1.15 and believes that it could rise further. However, ING also predicts a downward correction in the euro in the second quarter of this year.

Scotiabank said that EUR/USD is still confined to the support zone around 1.12 and resistance near 1.14. If the resistance zone is broken, the exchange rate could head towards the 1.16 area.

ING also noted that while the ECB rate cut may have prompted investors to take profits from their long euro positions, the negative news from the US economy is weighing on the USD, so the euro still has an advantage in the current environment due to its high liquidity.

On the US side, the Philadelphia Federal Reserve manufacturing report showed its manufacturing index fell sharply in April to a two-year low of -26.4, down from 12.5 in the previous month and well below expectations. Notably, new orders fell to a five-year low, reflecting a sharp decline in business confidence.

While sentiment on the overall outlook has not changed much, inflationary pressures are building, with the producer price index rising to its highest level since June 2021, while market uncertainty remains high.

Fed Chairman Jerome Powell said the impact of the tariffs could be more severe than expected, leading to slower growth and higher inflation. However, he said the Fed would not act immediately and would wait to assess the situation more clearly.

MUFG Bank said that while Powell acknowledged the risks from inflation, that does not mean the Fed will rush to cut interest rates. In fact, the delay may be longer than the market expects.

A key factor will be whether rising US bond yields support the dollar or reflect a loss of confidence in US assets. If the link between US bond yields and the strength of the dollar is restored, it will be a sign that markets are stabilizing, according to Steve Englander of Standard Chartered. He also said that if growth pessimism eases and the impact of tax policy weakens, the dollar could find support again.

Bank	Buy	Transfer	Sell ​​Out
ACB	27,117	27,226	28,171
Agribank	26,916	27,024	28,111
BIDV	28,950 ▲86	28,973 ▲86	30,207 ▲88
DongABank	25.8	25.92	26.47
Eximbank	28,837	28,924	29.89
HSBC	28,780 ▲101	28,839 ▲101	29,895 ▲104
Vietinbank	26,663	26,873	28,163
VIB	27,196	27,296	28,279
Sacombank	28,968 ▲69	29,068 ▲69	29,943 ▲71
SCB	25.29	25.37	26.69
SHBBank	28,940 ▲91	28,940 ▲91	30,090 ▲61
Techcombank	28,615	28,882	29,936
TPBank	26,807	26,933	28,182
Vietcombank	28,228	28,513	29,775

As of 6:00 a.m. on April 18, 2025, the Euro (EUR) exchange rate at Vietnamese banks recorded a sharp increase in many places, especially in both buying and selling directions.

BIDV is currently the bank with the highest exchange rate in both buying and selling directions. Specifically, the buying rate at BIDV is 28,950 VND/EUR and the selling rate is up to 30,207 VND, an increase of 86 to 88 VND compared to the previous session.

HSBC also recorded a significant increase, buying at VND28,780 and selling at VND29,895, with an adjustment of more than VND100.

Sacombank and SHB are also in the group of banks with high exchange rates, with buying prices of 28,968 and 28,940 VND respectively. Both offer quite competitive selling prices, in which SHB sells at 30,090 VND, while Sacombank reaches 29,943 VND.

Meanwhile, banks such as DongABank, SCB and VietinBank maintained quite low exchange rates. DongABank bought at 25,800 VND and sold at 26,470 VND, much lower than the general level. SCB even bought at only 25,290 VND and sold at 26,690 VND.

Banks such as ACB, Agribank, VIB and TPBank maintained exchange rates at an average level, fluctuating around 27,000 - 28,200 VND for buying and 28,100 - 28,300 VND for selling.

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Source: https://baonghean.vn/ty-gia-euro-hom-nay-18-4-2025-trong-nuoc-tang-the-gioi-giam-10295357.html