slight increase, close to the 100 bar

Global exchange rate of the US dollar to May 9, 2025

The US dollar index (DXY) has briefly reached 100.00, benefiting from optimism surrounding the news of a new trade agreement between the United States and the United Kingdom. However, according to many analysts, this agreement seems to be only symbolic, because Great Britain is not a partner that causes an important trade deficit with the United States, and the specific terms are still very vague.

Experts warn that it may only be a temporary agreement in principle or an exchange of temporary goods, insufficient to create a major economic impact.

The 10 % rate imposed by the United States on British products will remain in force, despite the announcement of a trade agreement, CNN reported.

In addition, the market also reacts to information that the Trump administration plans to remove the export restrictions of fleas that the previous administration applied to large technological companies such as Asml, AMD and NVIDIA. This news has increased Nasdaq’s term contracts before the market opened.

President Trump continued to draw attention when he criticized the president of the Fed, Jerome Powell, on the social network Truth, calling him “idiot” for not having acted early enough to reduce interest rates, even if the energy and food prices are currently very low, according to him. Trump said taxpayers’ money flocked to the United States, saying that the Fed had reacted too slowly.

On the employment front, weekly requests for unemployment benefits in the United States continued to decline, which suggests that the labor market remains relatively stable. More specifically, the initial requests for services amounted to only 228,000, less than expected, while continuous requests have dropped to 1.879 million.

As we write these lines, President Trump’s speech on the trade agreement with the United Kingdom has not yet started. American and European actions were on the right track for a slight correction after previous gains, the remaining prudent markets regarding the details of the agreement. European stocks increased by around 0.5 %, while the American indices recorded gains less than 0.5 %.

According to the CME Fedwatch tool, the likelihood that the Fed will lower its interest rates at its meeting in June is now only 20.2 %, while the possibility of lowering its interest rates at the end of July is 66.4 %. The yield of American state bonds at 10 years old remained stable around 4.31 %, almost unchanged after the news concerning the Fed and the trade agreement.

National exchange rate of the US dollar today

On the internal market, at the start of the May 9 negotiation session, the State Bank announced the central exchange rate of the Vietnamese Dong compared to the US dollar at 24,927 VND, down 3 VND compared to yesterday.

On the “black market”, the USD exchange rate of the black market at 4:30 am on May 9, 2025 decreased by 20 VND in both directions compared to yesterday’s negotiation session, exchanging around 26,410 – 26,510 VND/USD.

* The reference exchange rate rate at the State Bank Transaction Office for purchase and sale remains unchanged, currently at: 23,731 VND – 26,123 VND.

The exchange rates of the US dollar in commercial banks are as follows:

The VIB bank buys US dollars at the lowest price of 25,340 VND/USD

The VIB Bank buy transfers to US dollars at the lowest price of 25,400 VND/USD

OCB Bank buys US dollars at the highest price of 25,850 VND/USD

Bank OCB buys transfers to US dollars at the highest price of 25,900 VND/USD

The VIB Bank sells American dollars in cash at the lowest price of 25,760 VND/USD

The VIB Bank sells transfers to US dollars at the lowest price of 25,760 VND/USD

Vietink sells American dollars in cash at the highest price of 26,180 VND/USD

The OCB bank sells transfers to US dollars at the highest price of 26,174 VND/USD

EUR exchange rates in commercial banks are as follows:

* The Japanese Yen exchange rate at the State Bank exchange office has increased slightly, currently to: 165 VND – 182 VND.