USD exchange rate today May 11: Stable domestically

World USD exchange rate on May 11, 2025

The US dollar index (DXY) reversed losses after hitting a near one-month high of 100.86, now backing down to around 100.34.

The decline reflects investor disappointment over the lackluster content of the US-UK trade deal, as well as heightened caution ahead of a crucial round of US-China negotiations in Switzerland this weekend.

Despite the announcement of the deal with the UK, US tariffs on UK goods remain at 10%, leading many analysts to label the deal as "lacking substance".

Market focus is now shifting to the US-China meeting, which is expected to partly decide the global trade situation in the coming time.

Although President Donald Trump hinted that tariffs could be reduced by 50% if cooperation improved, skepticism remained as there were no concrete signs of progress from either side.

Meanwhile, tensions are not limited to trade. The US recently imposed sanctions on private Chinese refineries for buying oil from Iran, complicating bilateral relations and potentially affecting the weekend talks. While China still imports about 1.5 million barrels of Iranian oil a day, that figure is at risk of falling as US sanctions tighten.

Data showed Chinese refiners imported an average of 11.7 million barrels of oil per day in April, largely to stockpile supplies as global crude prices were low.

However, this high level of imports is unlikely to be sustained in the long term as trade tensions and political pressure increase, analysts at Commerzbank warned.

On the monetary policy front, New York Fed President John Williams stressed that keeping long-term inflation expectations stable is important for the economy.

Fed Board of Governors member Adriana Kugler also said that current interest rates remain restrictive, implying that no adjustment is likely in the near term. However, Fed policymakers also warned of downside risks from higher taxes and global uncertainty.

Currently, investors are waiting for more signals from the Fed and upcoming inflation indicators to assess whether interest rate policy can be loosened in the near future.

Meanwhile, DXY continues to face selling pressure as risks related to trade wars and international sanctions show no signs of abating.

The market will pay special attention to the results of the US-China negotiations over the weekend to determine the next trend of the greenback and global financial markets.

Domestic USD exchange rate today

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 11, 2025 decreased by 35 VND in both directions compared to yesterday's trading session, trading around 26,375 - 26,475 VND/USD.

In the domestic market, at the beginning of the trading session on May 11, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,951 VND, unchanged from yesterday.

* The reference exchange rate at the State Bank's transaction office for buying and selling remains unchanged, currently at: 23,754 VND - 26,148 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 and OCB banks are buying US Dollar cash at the highest price of 25,850 VND/USD

OCB Bank is buying US Dollar transfers at the highest price of 25,900 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

UOB Bank is selling US Dollar cash at the highest price of 26,198 VND/USD

NCB Bank is selling US Dollar transfers at the highest price of 26,198 VND/USD

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

* The Japanese Yen exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 163 VND - 180 VND.