President Trump imposes 10% tax on all imports, Vietnam bears 46%
03-04-2025
The USD weakened against the Euro and Yen as uncertainty surrounding President Donald Trump’s tariff plans kept traders cautious, after the greenback gained the previous day on expectations that he would be more flexible in implementing import tariffs.
USD exchange rate today 26/03/2025 on the world market
The Dollar Index (DXY), which measures the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 104.13 – down 0.23 points compared to March 25, 2025.
The dollar has weakened on concerns that tariffs could slow US economic growth and push inflation back up, according to Reuters. However, growing confidence that the tariffs will not be as severe as previously expected has helped the greenback stabilize over the past few weeks.
“The market is a little more risk-off today after a risk-on day yesterday,” said Helen Given, a foreign exchange trader at Monex USA, noting that the rally was not really based on anything other than headlines.
President Trump said that not all of the tariffs he threatened would be imposed on April 2, and that some countries could be exempted.
S&P Global’s preliminary US purchasing managers index (PMI) data showed a stronger-than-expected services sector, helping to ease concerns that the US economy could slip into recession in the short term.
The move in the exchange rate was relatively mild after data on Tuesday showed U.S. consumer confidence fell for a fourth straight month in March, with household pessimism about the future hitting a 12-year high.
Meanwhile, the euro was boosted by a survey showing German business confidence rose in March as companies looked forward to a recovery from two years of contraction in Europe’s largest economy.
The euro rose 0.12% on the day to $1.0813, having earlier fallen to $1.0774, its lowest since March 6. The dollar fell 0.64% to 149.73 yen, after hitting a three-week high of 150.94 yen earlier in the day.
The greenback is likely to be supported by month-end and quarter-end rebalancing this week and next Monday.
“The biggest driver of flows we’re seeing right now is a slight reversal from the negative trend in the USD in the first quarter, as traders started to trim those positions ahead of month-end and quarter-end,” Given said.
Data from the Commodity Futures Trading Commission (CFTC) showed speculators turned net short on the USD last week for the first time since October.
The AUD rallied after the Australian government announced new tax cuts, along with cost-of-living support measures aimed at winning back voters’ confidence. The AUD is currently up 0.45%, trading at $0.6313.
The pound (GBP) edged up 0.21% to $1.2946 as traders awaited the spring financial report, where Chancellor of the Exchequer Rachel Reeves is expected to cut government spending to meet fiscal rules.
British retailers reported the sharpest drop in sales volumes in eight months in March and forecast little improvement next month, an industry survey showed.
Bitcoin rose 0.22% to $88,086.21, after hitting its highest since March 7 at $88,772.
The specific domestic exchange rates are as follows:
At the time of survey at 4:00 a.m. on March 26, the central exchange rate at the State Bank was 24,847 VND/USD, up 16 VND compared to yesterday’s trading session.
Specifically, at Vietcombank, the USD exchange rate was 25,420 – 25,810 VND/USD, unchanged from yesterday’s trading session.
ABBank is buying USD cash at the lowest price: 1 USD = 24,000 VND
ABBank is buying USD transfers at the lowest price: 1 USD = 24,000 VND
HSBC is buying USD cash at the highest price: 1 USD = 25,530 VND
VietinBank is buying USD transfers at the highest price: 1 USD = 25,860 VND
ABBank is selling USD cash at the lowest price: 1 USD = 25,700 VND
ABBank is selling USD transfers at the lowest price: 1 USD = 25,700 VND
Saigonbank is selling USD cash at the highest price: 1 USD = 25,900 VND
MB Bank is selling USD transfers at the highest price: 1 USD = 25,890 VND
