Early morning of May 16, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 12 VND, reaching 23,652 VND.
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) decreased by 0.26% to 102.42.
USD exchange rate in the world today
The US dollar fell from a five-week high in the previous session, as investors awaited news from Washington on resolving the debt ceiling issue.
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| DXY Index volatility chart over the past 24 hours. Photo: Marketwatch. |
The greenback fell early after data showed the New York Federal Reserve’s Empire State manufacturing index fell to -31.8 this month from 10.8 in April, the biggest decline since April 2020 and the lowest since it hit a three-year low of -32.9 in January.
The Empire State Manufacturing Index measures the relative level of overall business conditions in New York State. A reading greater than 0.0 indicates conditions are improving, while a reading less than 0.0 indicates conditions are worsening.
“The market is in wait-and-see mode for clearer signals from Washington on the US debt default,” said Amo Sahota, director of foreign exchange consultancy Klarity FX in San Francisco.
President Joe Biden is scheduled to meet with congressional leaders on Thursday, May 16, before he leaves for a Group of Seven meeting in Japan. Earlier, US House Speaker Kevin McCarthy warned that there was still no progress toward a deal to lift the $31.4 trillion debt ceiling in negotiations with the White House.
In contrast, the euro rose 0.2% against the greenback, currently at $1.087. Against the Japanese yen, the dollar rose 0.3%, currently at 136.06.
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| USD exchange rate today (May 16): World market decreases, domestic market continues to increase rapidly. Illustration photo: Reuters. |
Domestic USD exchange rate today
In the domestic market, at the end of the trading session on May 15, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 12 VND, currently at: 23,652 VND.
* The reference exchange rate at the State Bank's transaction office increased, currently at: 23,450 VND - 24,784 VND.
USD exchange rates at commercial banks are as follows:
USD exchange rate | Buy | Sell |
23,280 VND | 23,620 VND | |
Vietinbank | 23,243 VND | 23,663 VND |
BIDV | 23,305 VND | 23,605 VND |
* The Euro exchange rate at the State Bank's buying and selling exchange center increased slightly to: 24,739 VND - 26,936 VND.
Euro exchange rates at commercial banks are as follows:
Euro exchange rate | Buy | Sell |
Vietcombank | 25,088 VND | 26,288 VND |
Vietinbank | 24,646 VND | 25,936 VND |
BIDV | 25,085 VND | 26,218 VND |
MINH ANH
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