USD exchange rate today April 25, 2025: Slight decrease again

The dollar’s ​​recovery stalled early as investors turned away from surprising comments from President Donald Trump, Reuters reported. The dollar and US assets initially rose after Trump backed off his threat to fire Federal Reserve Chairman Jerome Powell and took a more conciliatory tone toward China.

US Treasury Secretary Scott Bessent also said that the current trade embargo is unsustainable, but the US will not proactively lower high tariffs on Chinese goods.

But by Thursday, the positive expectations had quickly dissipated. China said no economic talks had taken place and demanded that the US remove all unilateral tariffs if it wanted to reach a deal, sending market sentiment back to the pessimistic mood of earlier in the week.

The Japanese yen led the rally among major currencies, sending USD/JPY down 0.71% to 142.395. However, the dollar remained above the 140 level it broke last week. In April alone, the dollar lost 4.8% of its value, marking its biggest monthly decline since November 2022.

Markets have also been hit by Trump’s continued criticism of Fed Chairman Jerome Powell, who has expressed dissatisfaction with the Fed’s decision not to cut interest rates despite the lack of economic data to support the decision. Selling pressure on the dollar has intensified, with the currency now on track for its worst start to the year against a basket of currencies since the 1970s, according to LSEG data.

Karl Schamotta, chief market strategist at Corpay, said that hopes of a thaw in the US-China trade war are fading as messages from the US administration become conflicting. This has put the US dollar under further selling pressure, US Treasury yields are slightly lower and stock index futures are also pointing to lower levels when North American markets open.

Meanwhile, the Swiss franc continued to strengthen, reaching its highest level against the US dollar in more than a decade thanks to strong safe-haven capital flows. The US dollar fell 0.58% to 0.82565 francs.

The pound also performed positively, rising 0.53% to $1.332 after British Finance Minister Rachel Reeves expressed optimism that the UK could reach a trade deal with the US in the near future.

In the domestic market, at the beginning of the trading session on April 25, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 31 VND, currently at 24,928 VND.

The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,732 VND - 26,124 VND.

On the buying side, HSBC continues to be the bank offering the highest price in both cash and transfer forms, listed at 25,933 VND/USD.

On the contrary, VIB is still the unit with the lowest USD buying rate on the market, only 25,340 VND for cash and 25,400 VND for transfer.

On the selling side, VIB is also the bank selling USD at the lowest price, keeping it at 25,760 VND in both cash and transfer.

Kien Long is the bank that listed the highest USD selling price at 26,230 VND.

Many major banks such as Vietcombank, ACB, BIDV, MSB, PublicBank and TPBank are maintaining the transfer selling price at 26,195 VND.