Sharp decrease both at national and international level

Global exchange rate of the US dollar in May 7, 2025

The US dollar index (DXY), which measures the force of the greenback compared to six major currencies, has dropped sharply while the feeling of the market has strengthened. The attention is now focused on the Taiwanese dollar (TWD), which jumped more than 5 % compared to the US dollar on Monday before correctly correct the next day.

This evolution worries investors, who fear that it has a training effect on other major currencies in Asia, such as the Korean Won, the Japanese Yen and the Chinese Yuan.

In Europe, German policy has sunk into chaos when the parliamentary vote to elect the new chancellor Friedrich Merz failed for the first time because he had not won enough votes. However, during the second vote that followed, Merz received enough votes and officially became the new German Chancellor, ending the previous political impasse.

At the same time, the new Canadian Prime Minister Mark Carney went to the White House to meet US President Donald Trump to discuss a possible trade agreement between the two countries.

Economically, the trade deficit in the United States and services in March has been higher than expected, reaching $ 140.5 billion, far exceeding the expected $ 129 billion and increasingly increasing compared to the 122.7 billion dollars in February. This information had a negative impact on the stock market. The German Dax index dropped by 0.5%, while American term contracts also dropped, the Nasdaq leading to a 1%drop.

The CME Fedwatch forecasting tool shows that the probability that the American Federal Reserve (Fed) reduces its interest rates at its May meeting is only 3.2 %, while the possibility of leaving unchanged interest rates reaches 96.8 %.

For June, the probability of a drop is 31.8 %, but confidence in the Fed’s ability to act this month or in July is weakening.

The yield of American state bonds at 10 years old remained around 4.36 %, which indicates that the feeling of the market is not yet completely oriented towards the possibility of a decrease in short -term interest rates.

National exchange rate of the US dollar today

On the internal market, at the start of the May 7 negotiation session, the State Bank announced the central exchange rate of the Vietnamese Dong compared to the US dollar at 24,938 VND.

* The reference exchange rate rate at the State Bank Transaction Office for purchase and sale remains unchanged, currently at: 23,742 VND – 26,134 VND.

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

EUR exchange rates in commercial banks are as follows:

* The Japanese Yen exchange rate at the State Bank exchange office for purchase and sale has decreased slightly, currently to: 164 VND – 182 VND.