USD exchange rate today (April 2): USD stable above 104

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 0.01% to 104.20.

USD exchange rate today in the world

The dollar was steady, while the yen rose against the greenback in the last trading session, after US economic data showed weakness in the manufacturing sector and the labor market ahead of the tariff announcement from the Trump administration today, April 2.

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

US manufacturing contracted in March after two straight months of expansion, amid growing concerns that tariffs will raise prices for consumers and businesses.

Another report from the US Department of Labor also showed that the number of jobs fell to 7.568 million in February.

“The manufacturing sector has been hit hard by President Trump’s policy changes, and the global economy could be hit hard in the coming months,” said Karl Schamotta, chief market strategist at Corpay.

“Markets are nervous about Trump’s tariff announcement today. With stories and speculation swirling around the scope, size and duration of the administration’s proposed trade measures, currency investors are holding their breath waiting for details,” he added.

Investors see the Japanese currency as a safer haven than the US dollar in the current climate, as US tariffs could also hurt the country's economy.

Meanwhile, the EUR fell 0.65% to 161.14 yen.

Weekly jobless claims and monthly nonfarm payrolls data due later this week could provide markets with more insight into the impact of U.S. trade policy on the economy itself.

DXY index was stable in the last trading session.

“The sell-off in equities is actually pushing bond yields down, which is also pushing the dollar down. It’s hard to see the greenback rallying sustainably when interest rates are falling,” said Marc Chandler, chief market strategist at Bannockburn Global Forex.

President Donald Trump announced on March 30 that all countries would face new tariffs this week, although he did not provide specific details. He had previously talked about a 25% tariff on goods from Europe.

The Washington Post reported on April 1 that White House aides have drafted a proposal to impose tariffs of about 20% on most imports into the United States.

European Commission President Ursula von der Leyen said the EU was ready to negotiate with the US on trade, but would take strong retaliatory moves if necessary.

The euro fell 0.29% to $1.0786 after rising 4.5% in the first quarter of the year, its strongest quarterly growth since October 2022, largely thanks to Germany's pledge to boost fiscal spending.

Meanwhile, investors have stepped up bets on future interest rate cuts by the European Central Bank on concerns about tariffs and dismal economic data, dragging down bond yields and the common currency.

Meanwhile, the Australian dollar rose 0.4% to $0.6271 after the central bank kept interest rates unchanged as expected. The Australian dollar hit $0.6217 earlier in the week, its lowest since March 4.

USD exchange rate today, April 2: USD stable above 104. Photo: Reuters

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on April 2, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 2 VND, currently at 23,835 VND.

* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,644 VND - 26,026 VND.

USD exchange rates at commercial banks are as follows: