USD exchange rate today May 16, 2025: Slight decrease after PPI index report in the US

World USD exchange rate on May 16, 2025

The US Dollar Index (DXY), which measures the greenback's strength against six other major currencies, fell 0.17% to trade around 100.9. 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.

On retail sales, which reflect the purchasing power of US consumers – April data showed a slight increase of 0.1%, better than the forecast of no change. Compared to the same period last year, the increase reached 5.2%, showing that consumption still maintained a steady growth momentum.

Domestic USD exchange rate today

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 16, 2025 decreased sharply in both directions compared to yesterday's trading session, trading around 26,224 - 26,324 VND/USD.

In the domestic market, at the beginning of the trading session on May 16, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,970 VND, unchanged from yesterday.

* The reference exchange rate at the State Bank's transaction office for buying and selling remains unchanged, currently at: 23,772 VND - 26,168 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 25,818 VND/USD

Indovina Bank is buying US Dollar transfers at the highest price of 25,820 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 26,220 VND/USD

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

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

* The Japanese Yen exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 162 VND - 179 VND.