In the morning of May 31.5, the central exchange rate between VND and USD by the State Bank of Vietnam remained the same as yesterday at 23.714 VND. The USD price at the State Bank of Vietnam was purchased at 23.400 dong and sold at 24.849 dong, an increase of 3 dong in the selling side compared to the end of last week. The state dollar rate is also higher than that of commercial banks. Specifically, Eximbank bought 23.260 dong, sold 23.640 dong, up 20 dong compared to yesterday. Particularly, Vietcombank remained unchanged when it still bought 23.280 VND and sold 23.650 VND…
Meanwhile, the free USD price dropped sharply by 20 dong on the buying side to 23.420 dong and down 40 dong on the selling side to 23.500 dong.
Free USD price on the morning of May 31.5 fell sharply
The world USD price dropped slightly when the USD-Index fell to 104,04 points, down 0,14 points compared to yesterday. According to Reuters, the greenback cooled but not too far from a two-month high after some hardline Republican lawmakers said they would oppose a deal to raise the US debt ceiling.
Meanwhile, US inflation data that beat market expectations last week boosted expectations for more interest rate hikes by the US Federal Reserve. The odds of a rate hike have increased in recent days following a series of statements from Fed leaders.
Additionally, the Chinese yuan fell 0,4 percent to 7,0907 against the dollar - its weakest since early December 12.2022 after the People's Bank of China cut interest rates. In addition, diplomacy between the US and China is also under tension when Beijing refuses an invitation to meet the defense ministers of the two countries. This is the information that makes the greenback still around the high.
Currently, investors are waiting for US nonfarm payrolls data due to be released on June 2.6. From there they will have more signals about monetary policy…
