Free dollar is 130 dong lower than bank

On the morning of May 23, the central exchange rate between VND and USD announced by the State Bank was 23,670 VND, down 14 VND compared to yesterday. The State Bank's Transaction Office on the first day of the week maintained the buying price at 23,400 VND/USD, but the spot selling price increased by 4 VND, up to 24,818 VND. Meanwhile, USD prices at commercial banks all decreased. For example, Eximbank decreased by 20 VND, bringing the buying price down to 23,220 VND, selling to 23,600 VND; Vietcombank decreased by 15 VND in both directions, bringing the buying price down to 23,245 VND and selling to 23,615 VND...

The free USD price is unchanged, maintaining the buying price of 23,380 VND and the selling price of 23,480 VND. The selling price of USD at foreign exchange points is currently 120 - 135 VND lower than that of banks.

Giá USD hôm nay 23.5.2023: Đô la tự do thấp hơn ngân hàng trên 130 đồng - Ảnh 1. — USD price on the morning of May 23 at banks decreased

The international USD price decreased slightly when the USD-Index fell to 103.25 points, up 0.22 points compared to yesterday. Investors are still waiting for a US debt ceiling agreement after US President Joe Biden and US House Speaker Kevin McCarthy met on the afternoon of May 22 (US time) to continue negotiations.

Meanwhile, China kept its benchmark lending rate unchanged on May 22, in line with market expectations, according to Reuters . Chinese economic data showed the economy was losing momentum after an initial recovery from Covid-19 and raised market hopes for further easing measures to boost the economic recovery. This caused the greenback to fall slightly against the yuan.

This week, the minutes of the US Federal Reserve's May meeting, which will be released tomorrow (May 24), will provide investors with more data to predict the agency's upcoming monetary policy. The market is forecasting a 68.6% chance that interest rates will be kept stable next month, but a 31.4% chance that the Fed will raise interest rates by another 25 basis points. Interest rates rising or staying high will push the USD up.

Besides, investors will wait for some information such as the second adjusted US GDP data for the first quarter of 2023 to be released on May 25 and the personal consumption expenditure (PCE) measure to be released on May 26...

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