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

Quoc DuongDNUM_BGZAFZCACF 06:00

USD exchange rate today May 16, 2025: The US dollar index (DXY), representing the strength of the USD against six major currencies, fell to 100.9

World USD exchange rate on May 16, 2025

The US Dollar Index (DXY), which measures the greenback's strength against six major currencies, fell 0.17% to trade around 100.9. The weakness came after a report from the US Bureau of Labor Statistics showed 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.

The weak data reduces the likelihood that the Federal Reserve will maintain its policy stance of tightening monetary policy with higher interest rates. However, the Fed remains cautious, preferring to control inflation expectations rather than react 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.

Tỷ giá USD hôm nay 16/5/2025: Giảm nhẹ sau báo cáo chỉ số PPI tại Mỹ

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 are as follows:

USD exchange rate
Buy
Sell
Vietcombank
25,720 VND
26,110 VND
Vietinbank
25,670 VND
26,180 VND
BIDV
25,750 VND
26,110 VND

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.

EUR exchange rate
Buy
Sell
Vietcombank
28,293 VND
29,843 VND
Vietinbank
28,510 VND
30,220 VND
BIDV
28,621 VND
29,863 VND

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

Japanese Yen Exchange Rate
Buy
Sell
Vietcombank
171.36 VND
182.25 VND
Vietinbank
175.17 VND
184.87 VND
BIDV
174.21 VND
182.31 VND

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