USD exchange rate today 4/22/2025: Sharp decrease

The main reason comes from President Donald Trump's harsh statements aimed at US Federal Reserve Chairman Jerome Powell.

Mr Trump said the Fed had acted too slowly and was wrong not to cut interest rates as early as other central banks. He also asserted that if he wanted to fire Chairman Powell, it could happen very quickly.

French Minister of Economy and Finance Eric Lombard warned that if Trump actually removed Mr. Powell, this would undermine confidence in the USD and cause major disruption to the US economy.

According to him, the Trump administration's aggressive tariff policy has damaged the reputation of the USD, and removing the Fed Chairman will further destabilize the bond market, leading to higher borrowing costs.

The US dollar index fell to 97.23 points in the last session – the lowest level since March 2022. The euro surpassed the 1.15 USD mark, while the US dollar also slid to a seven-month low against the Japanese yen, trading at 140.66 yen.

Data from the CFTC shows investors sharply increased their net long positions in the yen in April.

A host of other currencies also strengthened against the dollar. The pound rose to its highest level since September at $1.34. The Australian dollar (AUD) hit a four-month high of $0.6430, while the New Zealand dollar (NZD) reclaimed $0.6000 for the first time in more than five months.

In Asia, the Chinese yuan briefly hit a two-week high before falling slightly to close at 7.2931. In particular, the US dollar fell more than 1.5% against the Swiss franc, hitting a 10-year low of 0.8063. The euro continued its rally, reaching $1.1535 – its highest since November 2021.

The reference USD exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at 23,684 - 26,070 VND.

VIB Bank is buying US Dollar cash at the lowest price: 1 USD = 25,340 VND

VIB Bank is buying US Dollar transfers at the lowest price: 1 USD = 25,400 VND

HSBC Bank is buying US Dollar cash at the highest price: 1 USD = 25,828 VND

HSBC Bank is buying US Dollar transfers at the highest price: 1 USD = 25,828 VND

VIB Bank is selling US Dollar cash at the lowest price: 1 USD = 25,760 VND

VIB Bank is selling US Dollar transfers at the lowest price: 1 USD = 25,760 VND

PGBank is selling US Dollar cash at the highest price: 1 USD = 26,140 VND

ABBank, Bao Viet, NCB are selling US Dollar transfers at the highest price: 1 USD = 26,100 VND

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Source: https://baonghean.vn/ty-gia-usd-hom-nay-22-4-2025-giam-manh-10295665.html