USD exchange rate today (April 1): USD recovers slightly before the...

Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.14% to 104.18.

USD exchange rate today in the world

The dollar rose against the yen and euro in the previous session, but was on track for its biggest quarterly decline since July 2024, as concerns over U.S. tariffs weighed on the currency. Traders are awaiting more clarity on President Donald Trump’s trade policies.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch

The safe-haven yen rose early in the session before retreating, while gold hit a fresh peak, as investors shunned riskier assets ahead of upcoming tariffs that clouded the outlook for U.S. inflation and economic growth.

“Markets are worried about the US economy. They are particularly worried about Trump’s tariff policy and the future impact,” said Joseph Trevisani, senior analyst at FX Street.

Markets are nervous about the “reciprocal” tariff policy that the White House is expected to announce tomorrow, April 2.

Previously, on March 30, Mr. Trump said that basically all countries would be taxed this week.

The Japanese yen initially rose against the greenback, hitting 148.7 yen in early trade, before slipping 0.1% to 149.95 yen per dollar. The Japanese currency had gained 0.82% against the dollar late last week, as U.S. data showed core inflation rose more than expected last month. The dollar has fallen 4.7% against the yen this quarter, its biggest quarterly loss since July 2024.

Along with tariffs, investors will have a busy week with a slew of economic reports, including jobs and payrolls data, that will show whether the US economy is holding up.

Speeches by Federal Reserve Chairman Jerome Powell and other central bank officials this week could also offer clues about the path of US interest rates.

In contrast, the euro fell 0.17% to $1.0816, but the common European currency has gained about 4.5% this quarter, its biggest gain since the third quarter of 2022, thanks to a financial overhaul in Germany.

Meanwhile, the pound fell 0.15% in the last trading session, to $1.2910 and is now setting up a monthly gain of nearly 3% - its best performance since November 2023.

Britain is still expected to be hit by tariffs this week, although a UK government spokesman said Prime Minister Keir Starmer and President Donald Trump had held productive talks towards a new trade deal.

The Canadian dollar fell to 1.4375 against the dollar, while the Mexican peso fell 0.5% to 20.4566 against the dollar.

The Australian dollar fell 0.7% in the last trading session to 0.6249 against the greenback, ahead of the Reserve Bank of Australia's policy meeting today, April 1.

USD exchange rate today, April 1: USD recovers slightly before new tariff policy. Photo: Reuters

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on April 1, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 6 VND, currently at 24,837 VND.

* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,646 VND - 26,028 VND.

USD exchange rates at commercial banks are as follows: