Foreign exchange prices on May 5: Will USD maintain its recovery trend?

DNVN - As of last week, the USD has maintained its recovery trend thanks to increasing expectations that the US will reach new trade agreements, including with China.

Illustration photo. Photo: Internet

USD exchange rate on international market

The Dollar Index (DXY), which reflects the strength of the USD against a basket of six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 100.04 - the same as on May 4, 2025.

The US dollar ended the trading week down 0.21%, retreating to 100.04 after data showed the US economy created more jobs than expected last month, demonstrating that the labor market remains stable.

At the same time, the jobs report reinforced the belief that the Federal Reserve will maintain current interest rates through the next few meetings and will not cut until the summer. Statistics showed that the US non- farm sector added 177,000 jobs last month, after a downward revision of 185,000 in March.

According to a Reuters survey, economists forecast that the labor market will record about 130,000 new jobs in April, lower than the 228,000 jobs reported in March. Experts believe that job growth will decline in the coming time due to the impact of tariff policies.

Domestic USD exchange rate

During the holiday, domestic commercial banks have temporarily suspended foreign exchange transactions. Before the suspension, a major bank listed the USD price at 25,790 - 26,180 VND/USD (buy - sell), while another joint stock bank announced the exchange rate at 25,780 - 26,190 VND/USD (buy - sell).

Banks stopped posting exchange rates, making the free market the main trading venue during this period.

The strong increase of the USD in the domestic free market was recorded in the context of the USD in the world market gradually recovering after a long period of remaining at a low level.

Analysts predict the US dollar will continue to rise this week on expectations that the US will make progress on tariff agreements with many major trading partners, including China.

In addition, the recently released jobs report also increased the possibility that the Fed will keep its current interest rate policy unchanged through several upcoming meetings and not rush to cut until the summer.

Domestic USD exchange rate

In the morning trading session on May 5, the State Bank announced the central exchange rate between the Vietnamese Dong and the USD at 24,956 VND.

The reference exchange rate at the State Bank of Vietnam remains unchanged, at the buying - selling rate: 23,759 VND - 26,153 VND.

Specifically, the USD exchange rate at Vietcombank is maintained at 25,790 - 26,180 VND/USD for both buying and selling, unchanged from the previous session.

At VietBank, the lowest cash purchase price for USD is currently: 1 USD = 24,136 VND.

The lowest USD transfer purchase price at VietBank is: 1 USD = 24,166 VND.

For USD cash purchase, Sacombank is applying the highest rate: 1 USD = 25,900 VND.

Along with Sacombank, OCB bank is also applying the highest rate for USD transfer purchases: 1 USD = 25,900 VND.

Meanwhile, VIB bank offers the lowest USD cash selling price on the market: 1 USD = 25,760 VND.

Similarly, the lowest USD transfer price at VIB is also: 1 USD = 25,760 VND.

At LPBank, OceanBank, TPB, the highest USD cash selling rate is currently: 1 USD = 26,203 VND.

With transfer sales, NCB bank is holding the highest rate: 1 USD = 26,203 VND.

The EUR exchange rate is listed by the State Bank of Vietnam at an unchanged level, buying - selling: 27,033 VND - 29,879 VND.

The Japanese Yen exchange rate has not been adjusted, currently: 167 VND - 184 VND for both buying and selling.

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Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-5-5-usd-duy-tri-xu-huong-phuc-hoi/20250505075416330