USD exchange rate today May 18, 2025: Increased for 4 consecutive weeks

World USD exchange rate on May 18, 2025

The US dollar index (DXY), which measures the greenback's strength against six other major currencies, edged up 0.21% and is currently trading around 101.09.

The US Dollar Index (DXY) rose slightly for the fourth consecutive week, despite mixed US economic data this week.

A report from the University of Michigan showed that consumer sentiment in May fell sharply to 50.8, the lowest since June 2022, indicating weakening household confidence. At the same time, inflation expectations soared, making the US economic outlook dim.

Specifically, the Current Conditions index fell to 57.6 from 59.8, while the Consumer Expectations index fell to 46.5 from 47.3. One-year inflation expectations rose to 7.3 percent from 6.5 percent, and five-year expectations rose to 4.6 percent from 4.4 percent. These figures reflect concerns about rapidly rising prices again.

Earlier on Thursday, data showed that the producer price index (PPI) unexpectedly fell in April, while retail sales rose just 0.1% after a sharp increase in March to 1.5%. These signs further reinforced the view that the US economic growth is slowing.

Meanwhile, President Donald Trump’s unpredictable statements on tariff policy continue to raise concerns. He said the US will soon impose unilateral tariffs on many countries, raising the risk of disrupting global trade flows.

However, DXY still maintained its upward momentum during the week, thanks to the market's risk-off sentiment and the wait for further signals from the Federal Reserve (Fed).

The market is now pricing in a 51.1% chance of a September rate cut, with expectations of more cuts through 2026. There are no longer any predictions of a Fed rate hike in the near term.

USD exchange rate today May 18, 2025: Increased for 4 consecutive weeks

Domestic USD exchange rate today

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 18, 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 18, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,960 VND, unchanged from yesterday.

* The reference exchange rate at the State Bank's transaction office for buying and selling remains unchanged, currently at: 23,762 VND - 26,158 VND.

USD exchange rates at commercial banks are as follows: