USD exchange rate today (April 12): USD falls to bottom of 3...

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) decreased by 1.08% to 99.78.

USD exchange rate today in the world

The US dollar continued to slide against major currencies in the last trading session, as the back-and-forth battle over import tariffs shook investor confidence in the greenback’s safety, sending it to a decade low against the Swiss franc and a three-year low against the euro.

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

China raised tariffs on US imports from 84% to 125% on April 11, in retaliation for US President Donald Trump's decision to raise tariffs on Chinese goods by a total of 145%.

The dollar has been hit hard by a global sell-off that has spread to stocks and even U.S. Treasury bonds, with the yield on the benchmark 10-year note on track for its biggest weekly gain since 2001.

The dollar's decline is partly due to a view that the US economy is weakening - with the possibility of a recession looming, along with a shift away from the dollar as a safe-haven asset to the Japanese yen and Swiss franc, said Brad Bechtel, global head of FX at Jefferies.

Data released on April 11 showed US consumer sentiment worsened in April while 12-month inflation expectations jumped to their highest level since 1981 amid worries about trade tensions.

The dollar fell 0.9% to 0.81650 against the Swiss franc, extending losses from the previous session when it plunged to its lowest since January 2015. It is on track for its biggest weekly decline since November 2022. The greenback also fell 0.51% to 144.05 yen after hitting its lowest since September 2024. It is on track for its biggest weekly decline since early February.

European Central Bank President Christine Lagarde said on April 11 that the central bank is ready to deploy measures to maintain financial stability and deal with turmoil.

The euro jumped 1.25% to $1.134050, after hitting its highest since February 2022. The currency is on track for its biggest weekly gain since early last month. The common currency also gained 0.43% against the pound, a sign of its outperformance. The pound rose 0.89% against the dollar to $1.30825.

The DXY index hit its lowest level since April 2022. The currency is on track for its biggest weekly decline since early last month.

China's Yuan Falls Sharply Against the Euro This week, the Chinese currency fell to its weakest level on record against the US dollar.

“Part of the reason the greenback has weakened in the past few weeks has to do with concerns about a recession or a Fed rate cut,” said Win Thin, chief global market strategist at Brown Brothers Harriman in New York.

USD exchange rate today, April 12: USD falls to 3-year low against EUR. Photo: Reuters

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on April 12, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 41 VND, currently at 23,923 VND.

* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,727 VND - 26,119 VND.

USD exchange rates at commercial banks are as follows: