Exchange rate on May 14th: Stable

On the morning of May 14th, the central exchange rate set by the State Bank of Vietnam remained unchanged at 25,123 VND/USD compared to the previous session. Meanwhile, the selling price of USD at many major commercial banks continued to stay stable around 26,379 VND/USD. The US Dollar Index (DXY) fluctuated around 98.54 points.

Specifically, Vietcombank listed the USD exchange rate at 26,099 - 26,379 VND/USD (buy - sell), unchanged from yesterday. BIDV maintained its exchange rate at 25,129 - 26,379 VND/USD. At Techcombank, the US dollar was traded around 26,084 - 26,379 VND/USD.

In the free market, the USD exchange rate decreased slightly by 20 dong in both buying and selling directions, trading around 26,330 - 26,360 dong/USD. The exchange rates for other major currencies in the international payment basket at Vietcombank are listed as follows:

On the international market, the US dollar appreciated as investors monitored US President Donald Trump's high-level visit to China, while also assessing a series of higher-than-expected US inflation data.

Safe-haven sentiment continues to support the US dollar amid ongoing geopolitical tensions in the Middle East. Some experts believe that the US, as a major net energy exporter, may be less vulnerable to energy shocks related to Iran, further strengthening the USD's appeal.

The US dollar also received strong support after the US Producer Price Index (PPI) for April rose more than expected. Specifically, the overall PPI increased 1.4% month-on-month, much higher than the forecast of 0.5%, while the year-on-year increase jumped to 6% from the previous 4%.

Notably, core producer inflation also surprised, with Core PPI rising 1% month-on-month, far exceeding the forecast of 0.3%, bringing the year-on-year increase to 5.2%, higher than the expected 4.3%.

Investors now view these figures as a sign that inflationary pressures remain deeply entrenched in the US economy. This has led the market to lower expectations about the Federal Reserve's ability to cut interest rates anytime soon, and even begin to consider the risk of further rate hikes in the near future.

The backdrop of persistently high inflation has pushed up US Treasury yields, further supporting the strength of the US dollar. According to ING, recent inflation-related surprises have driven the one-year open interest rate (OIS) valuation to its highest level since early 2025. In the short term, the foreign exchange market is expected to continue to be strongly influenced by inflation data, central bank policies, and global geopolitical developments.

Source: https://hanoimoi.vn/ty-gia-ngay-14-5-di-ngang-749831.html