Foreign exchange rate update table - USD exchange rate Agribank today

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 8:00 a.m. on April 14, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 28 VND, currently at 23,964 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,766 VND - 26,162 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,580 - 25,970 VND.

Vietinbank: 25,445 - 26,025 VND.

Foreign exchange rates, USD/VND exchange rate today, April 14: USD loses psychological mark of 100, EUR breaks out. (Source: Finanzmarktwelt)

World market developments

The US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) fell sharply to 99.78.

The DXY index fell sharply and lost the 100 mark at the end of the week, hitting 99.01, its lowest level since July 2023. The ongoing tariff war and expectations of further rate cuts by the US Federal Reserve (Fed) are all putting pressure on the greenback.

Last week, US President Donald Trump issued a 90-day freeze on tariffs, but maintained a general 10% tariff on most countries.

However, tariffs on Chinese imports were raised to 125% effective immediately after China retaliated against previous US tariffs with 84% tariffs. According to the White House, total US tariffs on Chinese imports now stand at 145%.

The DXY index's drop below 100.50 was as expected. This week's price action will be crucial. The index needs a strong and sustained rise back above 100.50 to ease the downward pressure and create the premise for an increase to the 102-102.50 zone.

Conversely, a failure of the DXY to break above 100.50 could continue to put the index under negative pressure. In that case, it could continue to decline to 98.65, the next important support level. If the index fails to maintain that support level, it risks falling further to 96 in the coming weeks.

The yield on the 10-year US Treasury note saw a sharp increase last week. From a low of 3.87%, the yield jumped to a high of 4.59%. The yield has risen sharply above the resistance zone of 4.4-4.45%. That opens the way for a bullish outlook.

Last week, the EUR/USD index broke above the key resistance level of 1.12. Strong support is currently located in the 1.12-1.1150 zone. If the currency can stay above the 1.12-1.1150 support zone, the short-term trend will remain positive.

Therefore, the EUR is likely to rise to 1.16 and even 1.20 in the long term.