USD exchange rate today 5/15/2025: Sharp decrease

World USD exchange rate on May 15, 2025

The US Dollar Index (DXY), which tracks the value of the greenback against a basket of currencies, edged down to 100.82, after weaker-than-expected US inflation data and confirmation that the US and South Korea had currency-related discussions, according to Bloomberg.

The move reminded the market of the volatility earlier this month, when the Taiwan dollar (TWD) rose sharply against the USD. At the same time, US CPI data for April showed that inflationary pressures were easing, raising expectations that the Federal Reserve (Fed) would soon cut interest rates. This narrowed the interest rate differential between the US and other countries, putting further downward pressure on the value of the USD.

President Donald Trump also expressed positive hopes for a breakthrough in talks between Russia and Ukraine, scheduled for Thursday.

Only two Fed officials spoke on Wednesday. Vice Chairman Philip Jefferson said the Fed’s current policy stance is well positioned to respond to inflation surprises. But he acknowledged that there are still many uncertainties and it’s hard to be certain that inflationary pressures will be temporary.

San Francisco Fed President Mary Daly participates in a panel discussion at the California Bankers Association Annual Meeting to share more about the monetary policy outlook.

In financial markets, US stocks are recovering, benefiting from new deals that Mr. Trump brought back from his Middle East trip. However, caution remains due to inflation-related fluctuations.

The CME FedWatch tool puts the probability of a rate cut at the June meeting at just 8.2 percent. Further down the line, the probability of a rate cut on July 30 is 38.6 percent.

The yield on the benchmark 10-year US Treasury note is currently trading steady around 4.48%, as investors continue to weigh economic data and policy guidance for 2025.

USD exchange rate today 5/15/2025: Sharp decrease

Domestic USD exchange rate today

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 15, 2025 increased sharply in both directions compared to yesterday's trading session, trading around 25,633 - 25,760 VND/USD.

In the domestic market, at the beginning of the trading session on May 15, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,973 VND, unchanged from yesterday.

* The reference exchange rate at the State Bank's transaction office for buying and selling remains unchanged, currently at: 23,775 VND - 26,171 VND.

USD exchange rates at commercial banks are as follows: