Foreign exchange rates on March 29, 2025: USD continues to decrease

USD exchange rate on international market

Illustration photo. Photo: Internet

The Dollar Index (DXY), which measures the strength of the USD against six major currencies including EUR, JPY, GBP, CAD, SEK, CHF, is currently at 104.05, down 0.26 points compared to March 28, 2025.

The decline in the US dollar came as markets awaited an announcement on reciprocal tariffs from US President Donald Trump, which has increased caution among investors.

"The one word that I keep hearing from clients, and on earnings calls and things like that, is uncertainty. And you hear it from central banks as well. The only thing we know is that on April 2nd, we're going to have reciprocal tariffs. We don't know exactly what that means. So I see the dollar strengthening across the board," said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York.

Investors expect the trade tariffs to be less severe, but there are concerns that they could slow economic growth and hit inflation.

On Wednesday, President Donald Trump announced a 25% tariff on imported cars and light trucks, which will take effect on April 3.

"Uncertainty over Trump's tariffs is dominating markets as investors await details on April 2. We ... think the initial announcement will pave the way for further negotiations and the ultimate impact of tariffs will not be as bad as feared." The US currency fell even after data showed core inflation rose 0.4% in February, higher than expected, said Mohit Kumar, senior economist at Jefferies.

"That's really old news. And even though core inflation was higher than expected, US bonds have rallied," Chandler added, noting the decline in US Treasury yields.

Overall inflation did not deviate much from forecasts, recording an increase of 0.3%, while consumer spending in the US also showed signs of recovery last month.

Performance of other currencies

The euro was up 0.17% at $1.0819 by the end of the session.

Earlier data from the euro zone showed that March inflation in France and Spain was lower than expected, along with weak consumer sentiment about price growth, increasing the likelihood of another rate cut by the European Central Bank.

In France, consumer spending showed signs of a decline, while unemployment in Germany rose faster than expected and market sentiment in Italy was also not very positive last month.

The dollar weakened 0.57% against the Japanese yen, currently trading at 150.19 yen per dollar, reflecting the decline in 10-year Treasury yields.

Core consumer inflation in Tokyo remained above the Bank of Japan’s target and accelerated in March, according to data released Friday. Meanwhile, the British pound edged up 0.08% to $1.2955.

Official data from the UK showed that consumers spent more than expected last month, in stark contrast to previous forecasts when most experts predicted a decline in retail sales due to the weak economy.

Meanwhile, in the cryptocurrency market, Bitcoin price has decreased by 3.25%, currently trading at $84,469.42.

Domestic USD exchange rate

In the domestic market, at the beginning of the session on March 29, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the USD decreased by 3 VND, down to 24,843 VND.

At the State Bank of Vietnam, the reference exchange rate for USD was also slightly adjusted, currently listed at the buying - selling rate of 23,651 VND - 26,035 VND.

At Vietcombank, the listed USD exchange rate is 25,370 VND for buying and 25,760 VND for selling, up 10 VND in both directions compared to the previous trading session.

The lowest USD buying price is currently recorded at VietBank, with cash price of 24,070 VND/USD and transfer price of 24,100 VND/USD.

Meanwhile, PVcomBank is currently listing the highest cash purchase price at 25,600 VND/USD, while VietinBank is the unit buying USD transfers at the highest price, reaching 25,820 VND/USD.

Regarding selling price, HSBC bank has the lowest selling price for cash and USD transfer, listed at 25,700 VND/USD.

On the other hand, PVcomBank offered the highest cash selling price of 26,020 VND/USD, while ABBank and MB had the highest transfer selling price, reaching 25,790 VND/USD.

The EUR exchange rate at the State Bank of Vietnam recorded a slight increase, currently standing at 25,478 VND - 28,160 VND.

The Japanese Yen exchange rate at the State Bank of Vietnam decreased slightly, fluctuating between 156 VND - 173 VND.

Viet Anh (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/ty-gia-ngoai-te-ngay-29-3-2025-usd-tiep-tuc-giam/20250329102222595