USD exchange rate today May 17, 2025: Slight increase after President Trump said the US will unilaterally set tariffs

World USD exchange rate on May 17, 2025

The US dollar index (DXY), which measures the greenback's strength against six other major currencies, edged up 0.26% and is currently trading around 101.07.

Despite the weekly gains, the greenback is starting to question its sustainability. President Donald Trump’s constant shifts in his stance on tariffs and trade are making investors question the effectiveness of U.S. economic policies.

Speaking during a trip to the Middle East, Mr Trump announced that the US would soon impose unilateral tariffs on many countries. He stressed that up to 150 countries were seeking agreements, but not all of them were eligible.

Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will be responsible for announcing specifics on the new import tariffs within the next two to three weeks.

Trump insists the tariffs will be “fair”, but countries need to be prepared to pay the costs if they want to do business with the US.

Meanwhile, global tensions continued to rise as talks between Russia and Ukraine in Istanbul continued to fail, failing to produce any significant progress, according to Bloomberg.

A slew of new economic data has been released, with housing starts falling to 1.361 million in April, down from 1.37 million in March. Export prices edged up 0.1%, missing expectations. Import prices also rose just 0.1%, missing the expected decline of -0.4%.

The University of Michigan's preliminary index of consumer sentiment fell sharply in May to 50.8, below the estimate of 53.4 and the previous month's 52.2. Five-year inflation expectations also rose to 4.6 percent, up from 4.4 percent.

This information has caused the US stock market to plummet, as indexes all fell due to lack of supporting momentum and concerns about weakening consumer sentiment.

The CME FedWatch tool shows that the probability of the Federal Reserve cutting interest rates at its June meeting is only 8.2%. By the July 30 meeting, the probability of interest rates falling from current levels is only 38.6%.

Meanwhile, the yield on the 10-year US government bond is currently trading around 4.41%, down slightly from the high of 4.54% recorded early Thursday. This shows that investors are still cautious and there is no clear trend on the outlook for US monetary policy in the near future.

Domestic USD exchange rate today

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 17, 2025 remained unchanged compared to yesterday 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 17, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,960 VND, slightly down compared to yesterday.

* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,762 VND - 26,158 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate	Buy	Sell
Vietcombank	25,720 VND	26,110 VND
Vietinbank	25,590 VND	26,100 VND
BIDV	25,750 VND	26,110 VND

VIB Bank is buying US Dollar cash at the lowest price of 25,340 VND/USD

VIB Bank is buying US Dollar transfers at the lowest price of 25,400 VND/USD

HSBC Bank is buying US Dollar cash at the highest price of 25,821 VND/USD

HSBC Bank is buying US Dollar transfers at the highest price of 25,821 VND/USD

VIB Bank is selling US Dollar cash at the lowest price of 25,760 VND/USD

VIB Bank is selling US Dollar transfers at the lowest price of 25,760 VND/USD

Saigonbank is selling US Dollar cash at the highest price of 26,200 VND/USD

NCB Bank is selling US Dollar transfers at the highest price of 26,160 VND/USD

* The Euro exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 26,570 VND - 29,367 VND.

EUR exchange rate	Buy	Sell
Vietcombank	28,298 VND	29,848 VND
Vietinbank	28,121 VND	29,831 VND
BIDV	28,618 VND	29,861 VND

* The Japanese Yen exchange rate at the State Bank's exchange office increased slightly, currently at: 163 VND - 181 VND.

Japanese Yen Exchange Rate	Buy	Sell
Vietcombank	172.35 VND	183.30 VND
Vietinbank	173.37 VND	183.07 VND
BIDV	175.08 VND	183.22 VND

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Source: https://baonghean.vn/ty-gia-usd-hom-nay-17-5-2025-tang-nhe-sau-khi-tong-thong-trump-noi-rang-my-se-don-phuong-thiet-lap-thue-quan-10297466.html