Foreign exchange rates, USD/VND exchange rate today, May 14: US inflation lower than expected, USD 'turns around'

Foreign exchange rates, USD/VND exchange rate today, May 14, recorded a decrease in the USD after new data showed that US consumer inflation in April 2025 increased less than expected.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: May 14, 2025 04:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,760	25,770	26,110
EUR	EUR	28,231	28,344	29,444
GBP	GBP	33,594	33,729	34,696
HKD	HKD	3,263	3,276	3,382
CHF	CHF	30,184	30,305	31,204
JPY	JPY	171.27	171.96	179
AUD	AUD	16,251	16,316	16,845
SGD	SGD	19,545	19,623	20,158
THB	THB	757	760	793
CAD	CAD	18,245	18,318	18,827
NZD	NZD		14,989	15,495
KRW	KRW		17.49	19.26

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 8:00 a.m. on May 14, the State Bank announced the central exchange rate of the Vietnamese Dong increased by 28 VND, currently at 24,973 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,775 VND - 26,171 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,750 - 26,140 VND.

Vietinbank: 25,630 - 26,140 VND.

Foreign exchange rates, USD/VND exchange rate today, May 14: US inflation lower than expected, USD 'turns around'. (Source: Bloomberg)

World market developments

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.86% to 100.93.

The dollar fell after new data showed that US consumer inflation rose less than expected in April 2025.

The US Consumer Price Index rose 0.2% in April 2025, bringing the annual increase from 2.4% to 2.3%, the US Bureau of Labor Statistics said.

In a Reuters poll, economists had forecast a monthly gain of 0.3% and an annual gain of 2.4%.

Bill Adams, chief economist at Comerica Bank in Dallas, said the report was good news. Inflation will be under control for most consumers and businesses by 2025.

The US dollar fell back after rising sharply in the previous session following inflation data.

In an opposite direction, the EUR increased by 0.94% to 1.1191 USD.

“The report basically says that the Fed needs to be very cautious and the stance they have taken is probably the right one for now,” said Peter Cardillo, chief market economist at Spartan Capital in New York.

After talks in Geneva over the weekend, the US said it would cut tariffs on imports from China from 145% to 30%, while China said it would cut tariffs on imports from the US from 125% to 10%.

The shift in US-China trade relations has led traders to reduce their expectations for a Fed rate cut.

Traders are now pricing in a total of 56 basis points of rate cuts this year, down from a forecast of more than 100 basis points in April.

The yield on the benchmark 10-year U.S. Treasury note rose 1.6 basis points to 4.473 percent; the yield on the two-year note, which typically moves in line with Fed rate expectations, also rose 0.2 basis points to 4.004 percent.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-145-lam-phat-my-thap-hon-du-kien-usd-quay-xe-314302.html