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Foreign exchange rates, USD/VND exchange rate today, May 5: USD is 'trying' to recover

Foreign exchange rates, USD/VND exchange rate today, May 5, recorded the USD trying to maintain its upward momentum for the second consecutive week.

Báo Quốc TếBáo Quốc Tế05/05/2025

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 05/05/2025 08:30 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25,810 25,820 26,160
EUR EUR 29,049 29,166 30,278
GBP GBP 34,271 34,409 35,385
HKD HKD 3,284 3,297 3,404
CHF CHF 31,057 31,182 32,088
JPY JPY 178.38 179.10 186.56
AUD AUD 16,381 16,447 16,978
SGD SGD 19,500 19,578 20,111
THB THB 759 762 795
CAD CAD 18,457 18,531 19,048
NZD NZD 15,245 15,755
KRW KRW 17.26 19.01

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 8:50 a.m. on May 5, the State Bank announced the central exchange rate of the Vietnamese Dong at 24,956 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,759 VND - 26,153 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,790 - 26,180 VND.

Vietinbank: 25,670 - 26,180 VND.

(Nguồn: Getty Images)
Foreign exchange rates, USD/VND exchange rate today, May 5: USD is trying to recover. (Source: Getty Images)

World market developments

The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 100.04.

The DXY index struggled to maintain its upward momentum for the second consecutive week.

The greenback’s price action over the past few weeks has shown that it is trying to recover. However, data released over the past week has failed to provide any bullish momentum for the greenback.

The US Personal Consumption Expenditures (PCE) index, the Federal Reserve's inflation gauge, came in at 2.29% in April, down from 2.69% the previous month. Meanwhile, the US unemployment rate remained unchanged at 4.2%.

In addition, a report from the US Department of Commerce last week also showed that Gross Domestic Product (GDP) decreased by 0.3% in the first quarter of 2025, affected by an increase in imports for the purpose of purchasing goods before the Trump administration imposed tariffs on most goods.

In addition, pre-tax imports also increased by 41.3% in the first three months of the year.

The Fed meeting will be a key event to watch this week. Markets expect the Fed to keep interest rates unchanged at 4.25-4.5%. Markets are looking to Fed Chairman Jerome Powell's press conference to hear his comments on tariffs and how they might impact their future rate decisions.

The current resistance for the DXY index is at 100.60. The DXY index could rise to 101.50 or 102 if it breaks above the resistance at 100.60.

On the other hand, EUR/USD is currently witnessing a corrective decline. The index could fall to 1.12 or even 1.1150. But after this decline, the possibility of the EUR reversing and continuing the uptrend is very high.

That rally would likely take the currency to the 1.16-1.18 zone. It would also open the door for the euro to eventually hit its medium-term target of 1.20.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-55-usd-dang-co-gang-phuc-hoi-313242.html


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