Foreign exchange rates today, May 16: USD falls after a series of data...

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 0.23% to 100.81.

The US dollar fell in the last trading session, following a series of economic data, including retail spending slowing in April, as the uncertain economic outlook weighed on investor sentiment.

Accordingly, the US Commerce Department said that retail sales increased slightly by 0.1% last month after increasing by 1.7% in March. The increase in March was partly due to accelerated purchases of items such as cars before US President Donald Trump's April 2 tariff announcement.

In a separate report, the Labor Department said its producer price index (PPI) fell 0.5% in April. The index was dragged down by a drop in demand for air travel and hotel accommodation due to Mr Trump’s trade policies.

However, other data from the US Labor Department showed weekly initial jobless claims held steady at 229,000, in line with economists' expectations in a Reuters poll, although job creation was more limited.

The DXY index fell 0.23% to 100.81, after falling as much as 0.43% during the session, while the EUR rose 0.02% to $1.1176.

The greenback started the week with a gain of more than 1%, after the US and China announced a 90-day pause on most tariffs imposed on each other's goods since early April, easing fears of a global recession.

Amid signs of easing trade tensions, markets have reduced expectations that the US Federal Reserve will cut interest rates this year, pricing in a 75.4% chance of a first cut of at least 25 basis points at the central bank’s September meeting, according to LSEG data. The previous view was for a cut in July.

Against the Japanese yen, the US dollar weakened 0.73% to 145.68 while the British pound gained 0.23% to 1.329 USD after the UK economy grew stronger than expected in early 2025.

Domestic foreign exchange rates

In the domestic market, at the beginning of the trading session on May 16, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 3 VND, currently at 24,970 VND.

The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,772 VND - 26,168 VND.

USD exchange rates at commercial banks are as follows:

At Vietcombank , the USD exchange rate is 25,720 - 26,110 VND/USD, down 10 VND 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

VIB Bank is selling USD cash at the lowest price: 1 USD = 25,760 VND; selling USD transfer at the lowest price: 1 USD = 25,760 VND

Saigonbank is selling USD cash at the highest price: 1 USD = 26,210 VND. NCB Bank is selling USD transfers at the highest price: 1 USD = 26,198 VND

Source: https://baodaknong.vn/ty-gia-ngoai-te-hom-nay-16-5-dong-usd-giam-sau-mot-loat-du-lieu-kinh-te-252682.html