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US dollar continues to weaken: Trump and interest rates in focus!
On May 30, 2025, the value of the USD falls due to tariffs and Fed adjustments. Exchange rates and economic insights here.
US dollar continues to weaken: Trump and interest rates in focus!
On May 30, 2025, the exchange rate between the Vietnamese Dong (VND) and the US Dollar (USD) emerges as a dynamic topic in the news. Agribank's current foreign exchange rates, updated this week, reflect current market developments. The buying rate for the US dollar is 25,850 VND and the selling rate is 25,860 VND. The cash to cash rate is 26,200 VND. In addition, the central rate of the Vietnamese dong was increased by VND 15, bringing it to VND 24,962. The Vietnam.vn also reports on a number of other currencies whose exchange rates are listed as of May 30, including the Euro, British Pound and Canadian Dollar.
Public banks such as Vietcombank and Vietinbank currently offer USD exchange rates of VND25,810 to VND26,200 and VND25,670 to VND26,180. According to the latest data, the USD exchange rate at the State Bank of Vietnam is between VND23,764 and VND26,160. The current exchange rate of 1 VND is equal to 0.00003848 USD, which means 100 VND is worth about 0.003848 USD, as the Exchange Rates.org reported.
Development of the USD and effects of trade disputes
The reports of the US dollar index falling 0.54% to 99.33 are another sign of uncertainty in the economic region. This development is compounded by concerns about tariffs and their potential impact on the US economy. A recent US trade court ruling said that former President Trump exceeded his authority when imposing tariffs. This situation raises concerns about the reliability of future trading strategies.
Additionally, Trump said Federal Reserve Chair Jerome Powell made a "mistake" by not cutting interest rates, which is seen as a factor in stabilizing or destabilizing current account balances in the broader economy. The US Federal Reserve (Fed) has decided to leave interest rates untouched in response to inflation concerns, which is influencing market psychology.
Exchange rate trends and long-term outlook
The Eurozone saw the euro rise 0.73% to $1.1374, while the USD fell 0.57% against the Japanese yen to JPY143.99. Over the past decade, the Vietnamese dong has suffered a -13.25% weakness against the US dollar and shows a decrease of -1.94% in the current year. This means the Vietnamese dong is facing challenges. Analysts recommend exchanging VND to USD early in the week to avoid potential delays over the weekend.
The best trading hours for currency exchange seem to be between 3pm and 4pm GMT, which is a good strategy for traders. Market watchers will be closely monitoring upcoming developments to better understand possible changes in exchange rates.