Foreign exchange rates today May 9: USD skyrockets

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 1.02% to 100.63.

The US dollar rose sharply against the Japanese yen and Swiss franc in the last trading session, as market worries eased following a bilateral trade deal between the US and the UK, while the British pound reversed gains made after the Bank of England cut interest rates.

The dollar rose to a four-week high against the Japanese yen of 146.175 after the trade deal announcement. The dollar rose 1.55% to 146 yen.

Against the Swiss franc, the currency rose 1.07% to 0.8323 francs, its highest since May 1.

The deal could serve as a template for other countries looking to sign trade agreements with the US, said Steve Englander, global head of G10 FX research at Standard Chartered in New York.

President Donald Trump said he expected substantive talks between the United States and China when US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer meet Chinese economic tycoon He Lifeng in Switzerland tomorrow, May 10.

The Bank of England (BoE) Monetary Policy Committee voted to cut interest rates by 25 basis points, in line with market expectations, with two policymakers, Swati Dhingra and Alan Taylor, backing a larger-than-usual cut of 50 basis points, while MPC member Catherine Mann and Chief Economist Huw Pill voted to keep rates unchanged at 4.5%. Economists expected only Swati Dhingra to support a larger rate cut, with the rest voting for a 25 basis point cut.

The BoE's decision came a day after the US Federal Reserve (Fed) decided to keep interest rates unchanged but said inflation and unemployment risks had increased.

The pound reversed to fall 0.37% against the dollar, to $1.32410.

The DXY index rose to its highest level since April 10. In contrast, the EUR fell 0.71% to $1.122175.

The US dollar also rose against the Swedish and Norwegian currencies after the Swedish Riksbank and Norwegian Norges central banks kept interest rates unchanged as expected. The Swedish currency rose 0.94% against the US dollar to 9.7471, while the Norwegian currency gained 0.99% against the US dollar to 10.4313.

Domestic foreign exchange rates

In the domestic market, at the beginning of the trading session on May 9, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 3 VND, currently at 24,927 VND.

The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,731 VND - 26,123 VND.

USD exchange rates at commercial banks are as follows:

At Vietcombank , the USD exchange rate is 25,760 - 26,150 VND/USD, up 20 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; VIB Bank is buying USD transfers at the lowest price: 1 USD = 25,400 VND

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

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 9, 2025 increased by 6 VND in both directions compared to yesterday's trading session, trading around 26,401 - 26,521 VND/USD.

Source: https://baodaknong.vn/ty-gia-ngoai-te-hom-nay-9-5-dong-usd-tang-phi-ma-251966.html