USD exchange rate today (May 17): USD closed the week with a slight increase - Lang Son Newspaper and Radio and Television Station

USD exchange rate today: Early morning of May 17, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased by 10 VND, currently at 24,960 VND.

Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.10% to 100.98.

The US dollar strengthened in the last trading session, after the latest economic data showed a recovery in import prices, while consumer sentiment remained low, as tariff concerns spiked, putting the greenback on track for a fourth consecutive weekly gain.

The U.S. Labor Department said import prices rose 0.1 percent last month after falling 0.4 percent in March, as the cost of goods rose more sharply amid cheaper energy. Economists polled by Reuters had forecast import prices, excluding tariffs, falling 0.4 percent.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch

The dollar began to rise after a separate report from the University of Michigan’s Survey of Consumers showed that its consumer sentiment index fell to 50.8 this month from 52.2 in April, below estimates of 53.4. Additionally, consumers’ 12-month inflation expectations jumped to 7.3% from 6.5%, the highest level since November 1981.

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 on each other's goods, easing market concerns about a global economic slowdown.

The DXY index briefly rose to 101.13 during the session, while the euro fell 0.37% to $1.1146. The greenback has gained about 0.7% for the week, its biggest weekly gain in about 2.5 months, while the euro has fallen 0.9% for the week and is on track for its biggest weekly loss since early February.

The greenback has fallen nearly 3% since April 2, when US President Donald Trump announced a series of tariffs on countries around the world.

Markets have reduced expectations that the US Federal Reserve will cut interest rates this year on signs of easing trade tensions, with prices pricing in a 67.1% chance of a first cut of at least 25 basis points at the central bank’s September meeting, according to LSEG data. The market had previously predicted a rate cut in July.

Recent comments from Fed officials suggest the central bank needs more data to determine the impact of tariff announcements on prices and the economy before adjusting policy.

The US dollar rose 0.16% against the Japanese yen to 145.89. Japan's economy contracted for the first time in a year in the third quarter, and at a faster pace than expected, according to third-quarter data released on May 16.

The US dollar gained 0.4% last week against the Japanese yen.

Japanese Finance Minister Katsunobu Kato said he would seek to discuss foreign exchange issues with US Treasury Secretary Scott Bessent and hoped to meet Mr. Bessent next week.

The pound fell 0.2% to $1.327 and was down 0.1% for the week.

USD exchange rate today, May 17: USD closed the week with a slight increase. Photo: Reuters

USD exchange rate today domestic

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 decreased by 10 VND, currently at 24,960 VND.

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

USD exchange rate at commercial banks buy and sell as follows: