Euro exchange rate today 5/16/2025: Euro rises again after a series of new economic data

World EUR/USD exchange rate today May 16, 2025

EUR/USD edged up 0.15%, approaching the 1.1200 level. The euro strengthened mainly due to the selling pressure on the US dollar after the US released weaker-than-expected economic data, especially the producer price index (PPI) and retail sales for April.

The US dollar index (DXY), which measures the greenback's strength against six other major currencies, fell 0.3% to trade around 100.70. The weakness followed a report from the US Bureau of Labor Statistics showing that factory inflation cooled.

Specifically, the overall PPI in April increased only 2.4% compared to the same period last year, lower than the forecast of 2.5% and the 2.7% of March. The core PPI index, excluding food and energy prices, increased 3.1%, as expected, but still lower than the adjusted 4% of the previous period.

Compared to the previous month, the headline PPI and core PPI both unexpectedly fell 0.5% and 0.4%, respectively. Previously, the US consumer inflation (CPI) data released on Tuesday was also lower than expected.

These weak figures reduce the likelihood that the US Federal Reserve will maintain its tight monetary policy stance with high interest rates. However, the Fed still appears cautious, as it prioritizes controlling inflation expectations rather than reacting hastily to short-term data, especially after President Donald Trump's recent tariff policies.

In terms of April retail sales, the key indicator reflecting the purchasing power of US consumers increased slightly by 0.1%, better than the forecast of unchanged. Compared to the same period last year, the increase reached 5.2%, showing that consumption still maintained a steady growth momentum.

Bloomberg reports that the US administration is not pursuing currency-related provisions in trade agreements, helping the US dollar regain some value.

However, experts say that negative sentiment still pervades the USD. This reflects instability and lack of confidence in the USD's fundamental strength, especially when the market is still concerned about macroeconomic factors and unclear trade policies.

The euro, which has lost some of its gains on the day, was hit by the US dollar's performance, but still held above many other riskier currencies, despite the European Central Bank (ECB) leaving open the possibility of further interest rate cuts as inflation shows signs of cooling.

One of the notable statements came from François Villeroy de Galhau, Governor of the Bank of France, who said that the protectionist policies of the Trump administration would only cause inflation in the US and not affect Europe. This could pave the way for the ECB to continue cutting interest rates in the summer to support the regional economy.

Another important factor affecting the euro is the progress of trade negotiations between the EU and the US. Although the negotiations have not made much progress, German Finance Minister Lars Klingbeil said the EU has prepared countermeasures in case of failure to reach an agreement. However, he stressed that the EU's primary goal remains to reach a positive agreement with the US.

During the European session, economic data was also updated. Eurozone GDP in the first quarter increased by only 0.3%, lower than the previously announced figure of 0.4%. However, compared to the same period last year, the growth rate was still 1.2% as forecast.

In addition, employment figures for the first quarter increased 0.3%, much higher than the initial forecast of 0.1%, showing that the labor market still retains certain strength despite slowing economic growth.

Domestic Euro exchange rate today May 16, 2025

The Euro exchange rate at the State Bank's buying and selling exchange center decreased slightly compared to yesterday, currently at: 26,550 VND - 29,345 VND.

In the "black market", the black market Euro exchange rate as of 4:30 a.m. on May 16, 2025 also decreased slightly, trading around 29,268 VND/EUR

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

VIB Bank is buying Euro cash at the lowest price of 27,196 VND/EUR

VIB Bank is buying Euro transfers at the lowest price of 27,296 VND/EUR

SHB Bank is buying Euro cash at the highest price of 29,466 VND/EUR

SHB Bank is buying Euro transfers at the highest price of 29,466 VND/EUR

VIB Bank is selling Euro cash at the lowest price of 28,279 VND/EUR

VIB Bank is selling Euro transfers at the lowest price of 28,179 VND/EUR

SHB Bank is selling Euro cash at the highest price of 30,616 VND/EUR

TPB Bank is selling Euro transfers at the highest price of 30,026 VND/EUR