USD exchange rate today 5/26/2025: End of 4-week increase streak, sharp decrease due to Mr. Trump

Domestic USD exchange rate today

The central exchange rate today (May 26) was unchanged by the State Bank at 24,960 VND/USD compared to yesterday's listed rate.

Applying a 5% margin, the current USD exchange rate that commercial banks are allowed to trade is from 23,762 - 26,158 VND/USD.

The reference buying and selling exchange rate is also kept by the State Bank of Vietnam at 23,762 - 26,158 VND/USD.

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 26, 2025 remained unchanged in both buying and selling directions compared to yesterday's trading session, trading around 26,240 - 26,340 VND/USD.

Domestic USD exchange rate	May 26, 2025		Change from previous session
Bank	Buy	Sell	Buy	Sell
Vietcombank	25740	26130	0	0
VietinBank	25619	26129	0	0
BIDV	25775	26135	0	0
Techcombank	25746	26135	0	0
Eximbank	25770	26200	0	0
Sacombank	25760	26140	0	0

According to the exchange rate table on May 26, 2025, the USD in the domestic market remained stable compared to the previous session. Most banks kept the USD buying and selling prices unchanged.

World USD exchange rate on May 26, 2025

The USD Index (DXY), a measure of the greenback's strength against other major currencies, traded at 99.11, its lowest level in three weeks, as of 4:30 a.m. (Vietnam time).

After reaching a short-term peak, the USD has come under strong selling pressure again. This development was accompanied by a rise in US Treasury bond yields across many maturities, reflecting uncertain expectations about the Federal Reserve's interest rate policy.

Although the Fed kept interest rates unchanged at its May 7 meeting, Chairman Jerome Powell still expressed a "hawkish" stance as previously predicted, causing the market to continue to wonder about the policy adjustment roadmap in the coming time.

The USD is losing short-term momentum as supportive factors gradually weaken, while the pressure from fiscal and trade policy uncertainty remains. Whether the USD can hold its position or continue to weaken will depend largely on further signals from the Fed and global economic developments.

On Friday, US President Donald Trump dashed many positive expectations in financial markets when he abruptly reversed his previously soft tone on trade, threatening to impose a 50% tariff on goods from the European Union starting June 1 and possibly a 25% tariff on all iPhone models if they are not made in the US.

This is the latest in a series of efforts by Mr. Trump to pressure major companies to move production back home. He has previously targeted automakers, pharmaceutical companies and the semiconductor industry. However, the reality is that the US currently does not have the infrastructure to produce smartphones on a large scale.

Trump's new statement has once again raised market concerns about the risk of a flare-up in trade tensions, just as confidence is gradually recovering thanks to the temporary truce in the trade war with China and cooperation with the UK.

Analysts warn that if the new tariffs are implemented, the consequences could be more severe than the market currently reflects. Prolonged tariffs could raise prices in many places, dampen consumer spending and slow U.S. economic growth.

The US dollar this week will likely continue to react sensitively to any news related to trade tensions, especially new statements from the Trump administration on tariffs.

Statements from Fed officials this week will also continue to influence market sentiment, keeping investors on guard and waiting for clearer policy signals.

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Source: https://baonghean.vn/ty-gia-usd-hom-nay-26-5-2025-ket-thuc-chuoi-tang-4-tuan-giam-manh-do-ong-trump-10298203.html