Euro exchange rate today 5/15/2025: Euro increases sharply

EUR/USD world exchange rate today 5/15/2025

The EUR/USD pair rose sharply to 1.1204 EUR/USD. The DXY index, which measures the greenback's strength against six major currencies, fell from a monthly high of 102 to around 100.50.

Pressure on the dollar increased after US President Donald Trump criticized the Federal Reserve for not cutting interest rates. Mr. Trump said that the CPI increased by only 2.3% in April, which is a clear sign that the Fed should act like central banks in Europe and China. He even publicly called the Fed Chairman "Too Late Powell", implying that the Fed was slow to react and did not support growth in time.

Despite slowing inflation and rising political pressure, markets are still not convinced the Fed will cut rates anytime soon. The probability of the Fed leaving rates unchanged at its July meeting has fallen slightly from 65.1% to 63.3%, according to the CME FedWatch tool.

One factor supporting the US economic outlook is the interim trade deal with China reached earlier this week, in which the two sides agreed to reduce tariffs and avoid escalating tensions. This helped limit the negative impact from low inflation data.

Capital Economics analysts say the euro now has a strong chance of emerging as a global reserve currency. Trump’s policies are undermining the dollar’s safe-haven status. In addition, Germany’s increased public spending, which has broken old fiscal rules, is also boosting demand for euros.

Bundesbank President Joachim Nagel also predicted at a forum in Madrid that the role of the euro as a reserve currency will be stronger in the coming years.

However, in terms of monetary policy, the European Central Bank (ECB) still maintains the view that it is necessary to continue lowering interest rates due to concerns that US protectionist policies will not increase inflation in Europe.

Bank of France Governor Francois Villeroy de Galhau said this would pave the way for the ECB to make another rate cut in the summer.

Meanwhile, investors are still closely monitoring the trade negotiations between the US and the European Union. The lack of a clear statement from the White House is making the market skeptical about the actual progress of the discussions.

The focus this week will be on Fed Chairman Jerome Powell’s speech at the Thomas Laubach Research Conference on Thursday, with investors looking for more policy guidance after the U.S. reached an interim deal with China. In addition, April retail sales and producer price index (PPI) data, also due out on Thursday, will be important economic signals that the market will pay special attention to.

Euro exchange rate today 5/15/2025: Euro increases sharply

Domestic Euro exchange rate today 5/15/2025

The Euro exchange rate at the State Bank's buying and selling exchange center increased sharply compared to yesterday, currently at: 26,556 VND - 29,351 VND.

In the "black market", the black market Euro exchange rate as of 4:30 a.m. on May 15, 2025 also increased sharply, trading around 29,283 VND/EUR.

EUR exchange rates at commercial banks are as follows: