World USD slightly increased again

Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased slightly by 0.17%, reaching 102.61.

USD exchange rate in the world today

The US dollar edged up slightly in the last trading session, as investors closely watched debt ceiling negotiations that could impact asset markets.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch.

Debt ceiling talks between President Joe Biden and House Speaker Kevin McCarthy ended in less than an hour on Thursday, with fears of a debt ceiling in the United States. But the meeting ended with McCarthy signaling a positive deal could be reached by the end of the week. Both sides agreed on the need for urgent action.

Historically, the US dollar has tended to appreciate in times of financial stress.

The dollar had earlier risen after U.S. retail sales rose less than expected in April, but other details suggested the underlying trend remained stable, suggesting consumer spending could remain strong early in the second quarter. Meanwhile, retail sales rose 0.4% in April. March data was revised to show sales falling 0.7% instead of the previously reported 0.6%.

In line with the generally upbeat economic picture, industrial production rose by a better-than-expected 1% in April, up slightly from a 0.8% gain in March.

Besides, reports showed that although the market expects the US Federal Reserve (Fed) to pause interest rate hikes at its next meeting, an increase in borrowing costs is out of the question.

Richmond Fed President Thomas Barkin said on May 16 that he would not oppose further interest rate increases if that was necessary to curb inflation.

In afternoon trading, the euro fell 0.1 percent against the greenback to $1.0858, while the pound fell 0.4 percent to $1.2478.

Against the yen, the greenback rose 0.2% to 136.315 Japanese yen.

USD exchange rate today (May 17): The world USD increased slightly again. Illustration photo: Reuters.

Domestic USD exchange rate today

In the domestic market, at the end of the trading session on May 16, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD to be stable, currently at: 23,652 VND.

* The reference exchange rate at the State Bank's transaction office for buying and selling remains unchanged, currently at: 23,450 VND - 24,784 VND.

USD exchange rates at commercial banks are as follows: