USD exchange rate today, April 22, 2025: Sharp decline
USD exchange rate today, April 22, 2025: The US dollar has fallen sharply in the global market, reaching its lowest level in three years as investor confidence in the US economy continues to weaken.
The main reason stems from the harsh statements made by President Donald Trump targeting Federal Reserve Chairman Jerome Powell.
Trump argued that the Fed acted too slowly and made a mistake by not cutting interest rates sooner than other central banks. He also asserted that if he wanted to fire Chairman Powell, it could happen very quickly.
French Economy and Finance Minister Eric Lombard warned that if Trump actually dismisses Powell, it would undermine confidence in the US dollar and cause major disruption to the American economy.
According to him, the Trump administration's aggressive tariff policies have damaged the credibility of the US dollar, and removing the Fed chairman would further destabilize the bond market, leading to higher borrowing costs.
The USD Index fell to 97.23 points in the last session – its lowest level since March 2022. The euro surpassed the 1.15 USD mark, while the USD also slipped to its lowest level in seven months against the Japanese yen, trading at 140.66 yen.
Data from the CFTC shows that investors significantly increased their net long positions in the yen in April.
A number of other currencies also strengthened against the USD. The British pound rose to its highest level since September at $1.34. The Australian dollar (AUD) reached a four-month high of $0.6430, while the New Zealand dollar (NZD) also regained the $0.6000 level for the first time in over five months.
In Asian markets, the Chinese yuan briefly touched a two-week high before falling slightly, closing at 7.2931. Notably, against the Swiss franc, the US dollar fell sharply by more than 1.5%, reaching a 10-year low of 0.8063. The euro continued its upward trend, reaching 1.1535 USD – its highest level since November 2021.
The reference USD exchange rate at the State Bank of Vietnam's exchange floor increased slightly for buying and selling, currently standing at 23,684 - 26,070 VND.
VIB Bank is buying US dollar cash at the lowest rate: 1 USD = 25,340 VND
VIB Bank is buying US dollar transfers at the lowest rate: 1 USD = 25,400 VND
HSBC Bank is buying US dollar cash at the highest rate: 1 USD = 25,828 VND
HSBC Bank is buying US dollar transfers at the highest rate: 1 USD = 25,828 VND.
VIB Bank is selling US dollar cash at the lowest rate of: 1 USD = 25,760 VND
VIB Bank is selling US dollar transfers at the lowest rate: 1 USD = 25,760 VND.
PGBank is selling US dollar cash at the highest rate: 1 USD = 26,140 VND
ABBank, Bao Viet, and NCB are selling US dollar transfers at the highest rate of 1 USD = 26,100 VND.
