The yuan depreciates to record as the US is about to impose new tariffs

    Huyền Mai |

    The yuan fell to a two-week low as the US was about to impose new tariffs, raising concerns about trade tensions between the two major economies.

    Today's yuan exchange rate

    According to Lao Dong, on March 25, the Chinese yuan fell to its lowest level in two weeks against the US dollar due to concerns about trade tensions between the world's two largest economies.

    Ty gia dong Nhan dan te so voi dong Do la My cap nhat ngay 25.3.2025. Anh: Tradingview.com
    The exchange rate of the yuan against the US Dollar was updated on March 25, 2025. Photo: Tradingview.com

    Domestically, the CNY exchange rate against VND is currently fluctuating around 3,527 VND; meaning 1 USD can be exchanged for about 3,500 VND.

    Ty gia dong Nhan dan te so voi VND cap nhat ngay 25.3.2025. Anh: Tradingview.com
    The exchange rate of the yuan against the VND was updated on March 25, 2025. Photo: Tradingview.com

    The yuan struggles amid US tariff pressure

    According to Reuters, US President Donald Trump is expected to impose new counterpartition tariffs on February 2 on some trading partners, causing investors to worry.

    Expert Marc Chandler commented that Beijing wants to keep the yuan stable, not too strong or too weak. The People's Bank of China (PBOC) is also cautious about cutting interest rates due to concerns affecting exchange rates. Analysts say that China currently prioritizes the stability of the foreign exchange market.

    In this context, China is trying to reassure foreign enterprises about business opportunities in this country.

    * Information on exchange rates is for reference only and may change from time to time.

    Readers can refer to more articles on exchange rates HERE.

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    Yen depreciates as Japan's economy is less positive

    Huyền Mai |

    The Yen weakened after Japan's PMI data was poor, while the USD maintained its recovery momentum.

    Yen unexpectedly lacks momentum to increase

    Huyền Mai |

    The Yen depreciates, but expectations of a BoJ rate hike help limit the decline, while the Fed is preparing to lower interest rates, causing USD/JPY to struggle with market fluctuations.

    Sáng 4.2, đồng USD và nhân dân tệ cùng tăng đáng kể tại các ngân hàng. Ảnh: Minh Ánh.

    USD and RMB at banks both increased sharply

    Minh Ánh |

    Exchange rates on February 4 continued to fluctuate strongly, with the USD and the Chinese Yuan both increasing significantly at banks. The market was affected by international developments.