Dollar continues to fall: Investors worry about Trump's budget law!

Dollar continues to fall: Investors worry about Trump's budget law!

On May 22, 2025, the US dollar (USD) fell against many other currencies for the third day in a row. The falling prices have raised concerns among investors, particularly over the tax cuts and spending increases proposed by President Donald Trump's administration. These concerns are further compounded by internal disagreements within the Republican Party over the specific details of the law.

At 4:30 a.m., the USD exchange rate was 24,962 VND/USD, a decrease of 6 VND compared to the previous day. However, the exchange rate remains stable at the major banks. Vietcombank quotes the USD exchange rate at 25,750 to 26,140 VND/USD, while VIB Bank purchases USD cash at 25,340 VND/USD and USD remittances at 25,400 VND/USD.

Current exchange rates and market developments

HSBC Bank has set the highest purchase prices for USD cash and transfers at 25,849 VND/USD. In sales, VIB Bank has set a rate of 25,760 VND/USD, while Saigonbank and UOB are selling USD cash at the maximum price of 26,200 VND/USD. The rate for USD transfers at NCB Bank is 26,180 VND/USD. On the black market, the USD exchange rate has fallen to 26,292-26,392 VND/USD, a decrease of 5 VND.

Reactions to the dollar and international developments

The Japanese yen has strengthened in the wake of these developments, with USD/JPY falling 0.6% to 143.64 yen. This may have been helped by rising Japanese and US government bond yields. The British pound also saw a significant gain as it climbed 0.4% to $1.3443, reaching its highest level since February 2022.

However, investors should be aware of the risks associated with trading financial instruments and cryptocurrencies. External factors such as financial, regulatory or political events can have a significant impact on prices. Before entering into trading, it is advisable to obtain comprehensive information and seek advice from knowledgeable institutions to avoid potential losses, such as investing.com clarifies.

The USD market remains tense and every investor is well advised to monitor developments closely in order to make informed decisions. Further details on current exchange rates and general market developments are available here vietnam.vn available.