USD exchange rate today, April 23, 2025: Regaining upward momentum.

The US dollar strengthened again thanks to optimistic remarks from US Treasury Secretary Scott Bessent. In a closed-door meeting with investors at a conference hosted by JP Morgan, Bessent suggested that US-China trade tensions would soon ease, although he acknowledged that the upcoming negotiations were still a battle that had not truly begun.

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

In light of this situation, the International Monetary Fund (IMF) decided on April 22nd to lower its economic growth forecasts for the US, China, and most other countries, stating that the impact of current US tariffs is the highest in 100 years.

This week, President Trump continued to criticize Federal Reserve Chairman Jerome Powell on the social media platform Truth Social for his delay in cutting interest rates, further increasing investor anxiety about the economic outlook.

Trump accused Powell of acting too slowly and inaccurately, arguing that the Fed needed to cut interest rates sooner, like other central banks.

Meanwhile, Minneapolis Federal Reserve President Neel Kashkari defended the Fed's independence in monetary policy, emphasizing that it is a key factor in maintaining economic stability. He also warned of the possibility of a recession due to tariffs, amid a sharp decline in economic confidence following Trump's tariff measures.

Following recent fluctuations, the US dollar index has recovered above 97.923 points, its lowest level since March 2022. Notably, against the Japanese yen, the dollar also rose 0.42%, reaching 141.470 yen, regaining momentum after falling below the key 140 mark for the first time since September.

Currently, the yield on 10-year US Treasury bonds stands at 4.391%, lower than at the beginning of the week.

On the morning of April 23, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the US Dollar decreased by 30 dong, currently standing at 24,877 dong.

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

Conversely, VIB offers the lowest buying price in the market, at only 25,340 VND/USD for cash transactions and 25,400 VND for transfers.

On the selling side, VIB continues to maintain the lowest rate at 25,760 VND/USD, applicable to both cash and transfers.

Most other banks simultaneously listed the common selling price at 26,141 VND/USD, which was also the highest rate recorded that day at many major banks such as ACB, BIDV, Eximbank, OceanBank, MSB, PublicBank, and 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, while selling rates were around 26,141 VND.