USD exchange rate today (April 10): USD stable due to US delaying tax imposition for 90 days - Lang Son Newspaper and Radio and Television

USD exchange rate today (April 10): Early morning of April 10, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 38 VND, currently at 24,936 VND.

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) remained unchanged, currently at 102.91.

The dollar was steady against safe-haven currencies including the Japanese yen and Swiss franc on Tuesday after US President Donald Trump announced a 90-day pause on new tariffs on many trading partners, but increased duties on Chinese goods.

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

US President Trump said he had granted a 90-day pause on the 10% reciprocal tariff but would also increase the tariff on China to 125%, effective immediately.

In a post on the social network Truth, the US President announced that he would immediately raise tariffs on China to 125%. He also said that more than 75 countries have contacted US representatives to negotiate solutions to the issues being discussed regarding trade, tariffs, etc. "And these countries have not retaliated against the US in any way, I have allowed a 90-day suspension of full reciprocal tariffs and the reciprocal tariffs will be reduced during this time to a base rate of 10%. The decision is effective immediately," Mr. Trump wrote.

The dollar initially weakened against other currencies in early trading after the Trump administration’s “reciprocal” tariffs on dozens of countries took effect on April 9, including a 104% tariff on Chinese goods.

China quickly retaliated with 84% tariffs on US goods from today, April 10, while EU countries also approved the bloc's first countermeasures to the US tariff move on April 9.

“The big moves in the market today, especially in stocks, are taking this news very well. But I think the 90-day pause just adds to the volatility during that 90 days,” said Amarjit Sahota, managing director at Klarity FX in San Francisco.

The yield on the benchmark 10-year Treasury note pared gains after the Treasury Department saw strong demand for its $39 billion bond sale on April 9. The yield on the benchmark 10-year note rose 13.6 basis points to 4.392%. The greenback rose 1.2% against the safe-haven yen to 148.80, reversing losses from earlier in the session. The greenback also rose 1.14% against the Swiss franc to 0.8569 franc.

“The market is reacting positively to this delay, but is it really sustainable? And what does it mean for the greenback?” Sahota added.

US Treasury Secretary Scott Bessent reiterated in a Fox News interview that the US still has a policy to support the USD.

Meanwhile, the euro rose 0.11% to $1.09685, approaching last week's peak of $1.1147. The DXY index recovered from an early session decline.

According to Reuters , The People's Bank of China will not allow the yuan to fall sharply and has asked major state banks to reduce buying of US dollars.

USD exchange rate today, April 10: USD stable due to US delaying tax imposition for 90 days. Photo: Reuters

USD exchange rate today domestic

In the domestic market, at the beginning of the trading session on April 10, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 38 VND, currently at 23,936 VND.

* The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,740 VND - 26,132 VND.

USD exchange rate at commercial banks buy and sell as follows: