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Foreign exchange rates, USD/VND exchange rate today, May 9: Thanks to the Fed, USD 'shines', EUR 'breaks' series of price increases

Foreign exchange rates, USD/VND exchange rate today, May 9, recorded the USD recovering against major currencies when the US Federal Reserve (Fed) decided to keep interest rates unchanged, in line with market expectations.

Báo Quốc TếBáo Quốc Tế08/05/2025

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 05/08/2025 08:00 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25,780 25,790 26,130
EUR EUR 28,878 28,994 30,103
GBP GBP 34,066 34,203 35,176
HKD HKD 3,283 3,296 3,403
CHF CHF 30,879 31,003 31,903
JPY JPY 177.48 178.19 185.59
AUD AUD 16,569 16,636 17,169
SGD SGD 19,796 19,875 20,420
THB THB 773 776 810
CAD CAD 18,516 18,590 19,111
NZD NZD 15,377 15,888
KRW KRW 17.89 19.74

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 8:30 a.m. on May 8, the State Bank announced the central exchange rate of the Vietnamese Dong decreased by 8 VND, currently at 24,930 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,734 VND - 26,126 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,740 - 26,130 VND.

Vietinbank: 25,620 - 26,130 VND.

Tỷ giá ngoại tệ, tỷ giá USD/VND hôm nay 9/5
Foreign exchange rates, USD/VND exchange rate today, May 9: Thanks to the Fed, USD 'shines', EUR 'breaks' the streak of price increases. (Source: Reuters)

World market developments

The US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.63% to 99.87.

The US dollar recovered against major currencies as the US Federal Reserve (Fed) decided to keep interest rates unchanged, in line with market expectations.

The Fed kept its benchmark interest rate unchanged at 4.25%-4.50%, but said inflation and unemployment risks were rising, while the US economic outlook remained uncertain.

“The Fed was a little more hawkish than the market expected,” said Marvin Loh, senior global market strategist at State Street in Boston.

The greenback also rose 1% against the Japanese yen to 143.840, snapping a three-day losing streak, as Japanese markets reopened after a two-day holiday.

In a press conference later, Fed Chairman Jerome Powell said the central bank cannot make policy decisions until there is clarity on the direction of the US economy.

The US dollar rose 0.09% against the Swiss franc in volatile trading, at 0.82210 francs.

US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet Chinese economic tycoon He Lifeng in Switzerland this weekend for talks that could potentially thaw trade tensions.

This is the first formal dialogue since President Donald Trump imposed a 145% tariff on Chinese goods, starting a trade war.

Information about the meeting was announced by the Washington administration late on May 6 and later confirmed by Beijing, in the context of businesses and consumers on both sides increasingly concerned about rising costs and disrupted supply chains, due to a series of new tax policies of President Trump.

In a contrasting development, the EUR fell 0.44% to $1.131650, breaking three consecutive sessions of gains.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-95-nho-fed-usd-toa-sang-eur-pha-vo-chuoi-ngay-tang-gia-313584.html


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