USD exchange rate today April 23, 2025: Regaining momentum

The dollar has rallied on optimistic remarks from US Treasury Secretary Scott Bessent. In a closed-door meeting with investors at a conference hosted by JP Morgan, Bessent said that US-China trade tensions will soon ease, although he acknowledged that the upcoming negotiations are still a war that has not really begun.

However, many investors remain concerned that US President Donald Trump's tariff policies could cause major disruptions in global trade and damage the economy .

Faced with this situation, the International Monetary Fund (IMF) on April 22 decided to lower its economic growth forecast for the US, China and most countries, saying that the impact of current US tariff measures is the highest in the past 100 years.

This week, President Trump continued to criticize Federal Reserve Chairman Jerome Powell on the social network Truth Social for being slow to cut interest rates, which made investors more uncertain about the economic outlook.

Mr Trump accused Mr Powell of acting too slowly and incorrectly, arguing that the Fed should have cut interest rates sooner, like other central banks.

Meanwhile, Minneapolis Fed President Neel Kashkari defended the Fed’s monetary policy independence, saying it was key to maintaining economic stability. He also warned of a possible tariff-induced recession, amid a sharp decline in economic confidence following Trump’s tariffs.

After recent fluctuations, the USD index recovered above 97.923 points, the lowest level since March 2022. Notably, compared to the Japanese yen, the USD also increased by 0.42% to 141.470 yen, regaining momentum after falling below the important 140 mark for the first time since last September.

The yield on 10-year US Treasury bonds is currently at 4.391%, lower than at the beginning of the week.

On the morning of April 23, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 30 VND, currently at 24,877 VND.

On the buying side, HSBC is the bank listing the highest exchange rate for both cash and transfer, at the same level of 25,863 VND/USD.

On the contrary, VIB has the lowest buying price in the market, only 25,340 VND/USD for cash transactions and 25,400 VND for transfers.

On the selling side, VIB continued to maintain the lowest position at 25,760 VND/USD, applied to both cash and transfer.

Most of the remaining banks simultaneously listed the common selling price at 26,141 VND/USD, which is also the highest price recorded during the day at many major banks such as ACB , BIDV, Eximbank, OceanBank, MSB, PublicBank or Techcombank.

In the middle group, banks such as Vietcombank, VietinBank, TPBank and MB maintained buying rates ranging from 25,751 to 25,803 VND/USD, and selling rates around 26,141 VND.

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Source: https://baonghean.vn/ty-gia-usd-hom-nay-23-4-2025-lay-lai-da-tang-10295736.html