USD exchange rate today, May 9th: Slightly increased, nearing the 100 mark.

Global USD exchange rate on May 9, 2025

The US dollar index (DXY) quickly reached 100.00, benefiting from optimism surrounding news of a new trade agreement between the US and the UK. However, many analysts believe this agreement is likely symbolic, as the UK is not a major contributor to the US trade deficit, and the specific terms remain vague.

Experts warn that this may only be an agreement in principle or a temporary barter, insufficient to create a major economic impact.

The CNN report also stated that the 10% tariff that the US imposed on British goods would remain in place, despite the announcement of a trade agreement.

In addition, the market is reacting to news that the Trump administration is considering lifting export restrictions on chips that the previous administration had imposed on major technology companies such as ASML, AMD, and Nvidia. This news boosted Nasdaq futures ahead of the market open.

President Trump continues to draw attention by criticizing Federal Reserve Chairman Jerome Powell on the social media platform Truth, calling him an "idiot" for not acting sooner to cut interest rates, even though energy and food prices are currently very low, according to him. Trump asserted that tax money is flowing back to the US, claiming the Fed has reacted too slowly.

In the labor sector, the number of weekly unemployment benefit claims in the US continues to decline, indicating that the job market remains relatively stable. Specifically, initial claims were only 228,000, lower than forecasts, while the number of claims continued to fall to 1.879 million.

At the time of writing, President Trump's speech on the trade deal with the UK had not yet begun. US and European stocks tended to correct slightly after earlier gains, amid market caution regarding the specific details of the agreement. European stocks rose by about 0.5%, while the US index recorded gains of less than 0.5%.

According to the CME FedWatch tool, the probability of the Fed cutting interest rates at its June meeting is currently only 20.2%, while the probability of a rate cut at the end of July is 66.4%. The yield on 10-year US Treasury bonds remains stable around 4.31%, virtually unchanged following news about the Fed and the trade agreement.

Domestic USD exchange rate today

On the domestic market, at the beginning of trading on May 9th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,927 VND, a decrease of 3 VND compared to yesterday.

In the "black market," the black market USD exchange rate as of 4:30 AM on May 9, 2025, decreased by 20 dong in both buying and selling rates compared to yesterday's trading session, trading around 26,410 - 26,510 dong/USD.

* The reference exchange rate at the State Bank of Vietnam's exchange floor remains unchanged, currently at: 23,731 VND - 26,123 VND.

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

VIB Bank is buying US dollar cash at a minimum rate of 25,340 VND/USD.

VIB Bank is buying US dollar transfers at a minimum rate of 25,400 VND/USD.

OCB Bank is buying US dollar cash at the highest rate of 25,850 VND/USD.

OCB Bank is buying US dollar transfers at the highest rate of 25,900 VND/USD.

VIB Bank is selling US dollar cash at a minimum rate of 25,760 VND/USD.

VIB Bank is selling US dollar transfers at a minimum rate of 25,760 VND/USD.

VietinBank is selling US dollar cash at a maximum rate of 26,180 VND/USD.

OCB Bank is selling US dollar transfers at a maximum rate of 26,174 VND/USD.

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

* The Japanese Yen exchange rate at the State Bank of Vietnam's exchange desk increased slightly for buying and selling, currently standing at 165 VND - 182 VND.