Foreign exchange rates today May 14: USD falls after inflation data

The US dollar edged lower, retreating from a sharp rally in the previous session as inflation data came in below market expectations.

World currency exchange rates

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 0.86% to 100.93.

The US dollar fell in the last trading session, after newly released data showed that US consumer inflation in April increased less than expected, after President Donald Trump announced a series of tariff policies.

The U.S. and China said earlier this week they would pause their trade war for 90 days, reduce tariffs and negotiate a longer-term deal. The agreement boosted investor demand for stocks, cryptocurrencies and commodities. New inflation data also provided a boost for risk assets.

Since early April, the US dollar has remained more than 2% lower than its peak on April 2, when President Donald Trump announced tariffs and caused foreign investors to sharply reduce their holdings of US stocks and bonds.

Against the Japanese yen, the dollar fell 0.45% to 147.78 yen, after rising more than 2% in the previous session as rising risk appetite dented demand for safe-haven assets. Against the Swiss franc, the dollar fell 0.47% to 0.841 franc, after rising 1.6% on Monday.

Against the offshore Chinese yuan, the dollar edged up 0.01% to 7.199, after hitting a six-month low of 7.1779 earlier.

The easing of US-China trade tensions has caused investors to reassess the likelihood of a recession, as well as adjust expectations about the timing and scale of Fed rate cuts this year.

Major brokerages such as Goldman Sachs, JP Morgan and Barclays have also recently lowered their forecasts for a US recession and adjusted their views on the Fed's easing policy.

According to LSEG data, the market is now pricing in a higher probability of a Fed rate cut of at least 25 basis points at its September meeting, compared to the previous expectation of a cut in July. For the entire year of 2025, the market is now anticipating a total of around 51 basis points of rate cuts.

In Britain, the pound rose 0.43% to $1.3229.

In the cryptocurrency sector, Bitcoin rose 0.99% to $103,699.57, after hitting a 3-1/2-month high of $105,716.07 on Monday. Ethereum surged 2.44% to $2,547.01.

Domestic foreign exchange rates

In the domestic market, at the beginning of the trading session on May 14, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 28 VND, currently at 24,973 VND.

The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,775 VND - 26,171 VND.

USD exchange rates at commercial banks are as follows:

At Vietcombank , the USD exchange rate is 25,750 - 26,140 VND/USD, unchanged in both directions, compared to yesterday's trading session.

VIB Bank is buying USD cash at the lowest price: 1 USD = 25,340 VND; buying USD transfer at the lowest price: 1 USD = 25,400 VND

OCB Bank is buying USD cash at the highest price: 1 USD = 25,850 VND; buying USD transfer at the highest price: 1 USD = 25,900 VND

NCB Bank is selling USD transfers at the highest price: 1 USD = 26,198 VND.

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 14, 2025 decreased by 8 VND in the buying direction and remained the same in the selling direction compared to yesterday's trading session, trading around 26,469 - 26,597 VND/USD.

Source: https://baodaknong.vn/ty-gia-ngoai-te-hom-nay-14-5-dong-usd-giam-sau-du-lieu-lam-phat-252453.html