Foreign exchange rates today May 15: USD increases slightly

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) increased by 0.07% to 101.02.

Earlier, the DXY index started the week with a gain of more than 1% and hit a one-month high as the US and China reached a deal, temporarily cutting tariffs and easing concerns that a trade war between the world's two largest economies could lead to a global recession.

But the greenback fell in the following trading session, when the consumer price index came in below economists' expectations.

“Obviously, things are still pretty much trade-driven these days, that’s still the big catalyst driving things,” said Brad Bechtel, global head of FX at Jefferies in New York. “There’s still a lot of volatility in the currency markets, but the greenback is still going to have a tendency to rally and then pull back.

In a reverse move, the EUR fell 0.06% to $1.1177.

Investors also analyzed the event that South Korean Vice Finance Minister Choi Ji-young met with Robert Kaproth, Deputy Assistant Secretary of the US Treasury Department, on May 5 to discuss the foreign exchange market, an event that pushed the dollar to a one-week low against the Korean won. The won rose 0.84% ​​against the greenback in the last trading session, reaching 1,402.66. Against the Japanese yen, the dollar fell 0.52% to 146.71 after falling as much as 1.2% during the session.

With trade tensions easing, markets have reduced expectations that the US Federal Reserve will cut interest rates this year, pricing in a 74% chance of a first cut of at least 25 basis points at the central bank’s September meeting, according to LSEG data.

Several major brokerages, including Goldman Sachs, JPMorgan and Barclays, have recently scaled back their US recession forecasts and their views on Fed policy easing.

Chicago Fed President Austan Goolsbee said data showing moderate consumer inflation in April did not necessarily reflect the impact of increased U.S. import tariffs and the Fed still needed more data to determine the direction of prices and the economy.

Meanwhile, Fed Vice Chairman Philip Jefferson noted a similar view, saying recent inflation data showed good progress toward the central bank's 2% target, but the outlook is now uncertain due to the possibility that new import tariffs will push prices higher.

The pound fell 0.32% against the dollar to $1.3261. Bank of England rate setter Catherine Mann said she voted to keep interest rates unchanged last week, after seeking a sharp 50 basis point cut in February, because the UK labor market had recovered better than she expected.

Domestic foreign exchange rates

In the domestic market, at the beginning of the trading session on May 15, the State Bank announced that the central exchange rate of the Vietnamese Dong against the USD remained unchanged, currently at 24,973 VND.

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

USD exchange rates at some commercial banks are as follows:

* The EUR exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 26,556 VND - 29,351 VND.

EUR exchange rates at some commercial banks are as follows:

* The Japanese Yen exchange rate at the State Bank's exchange office has increased slightly, currently at: 161 VND - 178 VND.

The YEN exchange rate at some commercial banks is as follows:

Source: https://baodaknong.vn/ty-gia-ngoai-te-hom-nay-15-5-dong-usd-tang-nhe-252572.html