Euro exchange rate today 5/24/2025: Euro price lost part of its gain when Mr. Trump was not satisfied with proposals from the EU

Domestic Euro exchange rate today 5/24/2025

* The euro exchange rate at the State Bank's exchange office for buying and selling has slightly decreased, currently at: 26,795 VND - 29,615 VND.

Survey at 4:30 on the black market, the euro was traded around 29,426 VND/EUR, a slight increase compared to yesterday.

At 4:30 a.m. today, May 24, the euro exchange rate at domestic banks recorded mixed movements among banks.

Domestic Euro Exchange Rate	May 24, 2025		Change from previous session
Bank	Cash purchase	Counter	Buy	Sell
Vietcombank	28603.12	30170.45	-66.88	-70.55
Vietinbank	28982	30237	-7	17
BIDV	28904	30161	-71	-71
Techcombank	28809	30107	39	43
Eximbank	28893	29885	0	0
Sacombank	29066	29949	48	46
HSBC	28769	29885	-92	-96

Vietinbank is listing the highest Euro selling price (30,237 VND/EUR), while Sacombank is listing the lowest (29,949 VND).

The strongest fluctuation was at HSBC, down 96 VND, while Sacombank increased 46 VND and Techcombank increased 43 VND.

BIDV and Vietcombank both recorded significant decreases, of -71 VND and -70.55 VND, respectively.

The highest buying rate belongs to Sacombank (29,066 VND), and the lowest is Vietcombank (28,603.12 VND).

HSBC continued to record the deepest decrease in buying price (-92 VND), while Sacombank increased sharply by 48 VND and Techcombank increased by 39 VND.

BIDV and Vietcombank decreased by 71 VND and 66.88 VND respectively, showing a clear downward adjustment trend at major banks.

EUR/USD world exchange rate today 5/24/2025

On the international market, the euro recorded at 4:30 a.m. trading at 1.1340 USD/EUR, up 0.53% compared to the closing price yesterday (May 22).

EUR/USD gave up some of its early gains on fresh trade tensions between the European Union (EU) and the United States. The pair had earlier hit a two-week high of around 1.1370, but fell to near 1.1330 as U.S. markets opened. Still, the euro was up about 0.5% on the day.

The main reason for the euro’s weakness was a striking statement by former US President Donald Trump. On the Truth Social platform, Mr. Trump announced that he could impose tariffs of up to 50% on goods imported from the EU, starting June 1, 2025, unless those products are made in the US. He said that the current negotiations with the EU were not producing results and that tougher measures were needed.

Not stopping there, US Treasury Secretary Scott Bessent also said in an interview with Fox News that President Trump was not satisfied with the proposals from the EU, calling them "lacking quality". He emphasized that Asian countries are doing better in trade negotiations, while the EU has not made significant concessions.

Investors are increasingly pessimistic about the possibility of reaching an agreement between the two sides. The US side believes that the negotiations will be difficult to progress if the EU does not proactively make concessions.

According to a report from the Financial Times, US Trade Representative Jamieson Greer is set to meet with EU Trade Commissioner Maroš Šefčovič to respond that the EU's recent negotiating document does not meet the US's demands, especially on the issue of digital taxes.

In addition, the EU is said to have only proposed reciprocal partial tariff reductions instead of unilateral concessions, which the US is looking for.

These tensions are negative for the euro, as the EU currently has a large trade surplus with the US. In 2024, the total value of goods exchanged between the two economies will reach nearly $976 billion, of which the US will import more than $605 billion worth of goods from the EU. Therefore, if the US does impose high tariffs, the EU's trade balance will be significantly affected, putting pressure on the euro.

AD Advertising

Source: https://baonghean.vn/ty-gia-euro-hom-nay-24-5-2025-gia-euro-mat-mot-phan-muc-tang-khi-ong-trump-khong-hai-long-voi-cac-de-xuat-tu-eu-10298088.html