Foreign exchange rates, USD/VND exchange rate today, May 16: USD goes down because of the US economy, Japanese Yen weakens accordingly

Foreign exchange rates, USD/VND exchange rate today, May 16, recorded that the USD has decreased as the unstable economic outlook has affected investor sentiment.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: May 16, 2025 08:30 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,750	25,760	26,100
EUR	EUR	28,442	28,556	29,659
GBP	GBP	33,804	33,940	34,910
HKD	HKD	3,257	3,270	3,376
CHF	CHF	30,302	30,424	31,321
JPY	JPY	173.12	173.82	181
AUD	AUD	16,357	16,423	16,953
SGD	SGD	19,607	19,686	20,224
THB	THB	756	759	792
CAD	CAD	18,237	18,310	18,819
NZD	NZD		15,053	15,560
KRW	KRW		17.68	19.49

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 16, the State Bank announced the central exchange rate of the Vietnamese Dong decreased by 3 VND, currently at 24,970 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,772 VND - 26,168 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,720 - 26,110 VND.

Vietinbank: 25,595 - 26,105 VND.

Foreign exchange rates, USD/VND exchange rate today, May 16: USD goes down because of the US economy, Japanese Yen weakens accordingly. (Source: The Nation)

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 0.23% to 100.81.

The US dollar fell as an uncertain economic outlook weighed on investor sentiment.

Accordingly, the US Department of Commerce said that retail sales increased slightly by 0.1% last month, after increasing by 1.7% in March 2025.

The increase in March 2025 was partly due to accelerated purchases of items such as cars ahead of 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 2025, 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 initial weekly 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 its September 2025 meeting.

Against the Japanese Yen, the USD weakened 0.73% to 145.68.

Meanwhile, the pound rose 0.23% to $1.329 after the UK economy grew more strongly than expected in early 2025.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-165-usd-di-xuong-vi-kinh-te-my-yen-nhat-suy-yeu-theo-314519.html