USD exchange rate today May 18, 2025: Increased for 4 consecutive weeks

World USD exchange rate on May 18, 2025

The US dollar index (DXY), which measures the greenback's strength against six other major currencies, edged up 0.21% and is currently trading around 101.09.

The US Dollar Index (DXY) rose slightly for the fourth consecutive week, despite mixed US economic data this week.

A report from the University of Michigan showed that consumer sentiment in May fell sharply to 50.8, the lowest since June 2022, indicating weakening household confidence. At the same time, inflation expectations soared, making the US economic outlook dim.

Specifically, the Current Conditions index fell from 59.8 to 57.6, while the Consumer Expectations index fell from 47.3 to 46.5. One-year inflation expectations rose to 7.3% from 6.5%, and five-year expectations rose to 4.6% from 4.4%. These figures reflect concerns about rapidly rising prices again.

Earlier on Thursday, data showed that the producer price index (PPI) unexpectedly fell in April, while retail sales rose just 0.1% after a sharp increase in March, adding to the view that US economic growth is slowing.

Meanwhile, President Donald Trump’s unpredictable statements on tariff policy continue to cause concern. He said the US will soon impose unilateral tariffs on many countries, raising the risk of disruption to global trade flows.

However, DXY still maintained its upward momentum during the week, thanks to the market's risk-off sentiment and the wait for further signals from the Federal Reserve (Fed).

The market is now pricing in a 51.1% chance of a September rate cut, with expectations for more cuts continuing through 2026. There are no longer any predictions of a Fed rate hike in the near term.

Domestic USD exchange rate today

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 18, 2025 remained unchanged compared to yesterday in both directions compared to yesterday's trading session, trading around 25,633 - 25,760 VND/USD.

In the domestic market, at the beginning of the trading session on May 18, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,960 VND, unchanged from yesterday.

* The reference exchange rate at the State Bank's transaction office for buying and selling remains unchanged, currently at: 23,762 VND - 26,158 VND.

USD exchange rates at commercial banks for buying and selling are as follows:

VIB Bank is buying US Dollar cash at the lowest price of 25,340 VND/USD

VIB Bank is buying US Dollar transfers at the lowest price of 25,400 VND/USD

HSBC Bank is buying US Dollar cash at the highest price of 25,821 VND/USD

HSBC Bank is buying US Dollar transfers at the highest price of 25,821 VND/USD

VIB Bank is selling US Dollar cash at the lowest price of 25,760 VND/USD

VIB Bank is selling US Dollar transfers at the lowest price of 25,760 VND/USD

Saigonbank is selling US Dollar cash at the highest price of 26,200 VND/USD

NCB Bank is selling US Dollar transfers at the highest price of 26,160 VND/USD

* The Euro exchange rate at the State Bank's buying and selling exchange center remains unchanged, currently at: 26,570 VND - 29,367 VND.

* The buying and selling rates of Japanese Yen at the State Bank's Exchange remain unchanged, currently at: 163 VND - 181 VND.

Quoc Duong