All increased this week.

On the morning of May 14th, the US dollar exchange rate at commercial banks recorded an upward trend for the week. For example, Eximbank's buying rate was 23,230 VND and the selling rate was 23,610 VND, an increase of 10 VND compared to the end of last week. Similarly, Vietcombank increased by 20 VND in both directions, bringing the buying price to 23,270 VND and the selling price to 23,640 VND... The free market US dollar exchange rate traded at 23,415 - 23,465 VND, an increase of 10 - 15 VND after a week.

Conversely, the euro exchange rate ended the week lower, with Eximbank reducing it by 132-238 dong, bringing the buying price down to 25,249 dong and the selling price down to 25,937 dong.

The US dollar recorded a weekly increase on the morning of May 14th.

The international US dollar continued its upward trend this week, with the USD-Index reaching 102.68 points, up 1.42 points from the end of the previous week. The greenback surged against many other currencies as investors increasingly opted for safe-haven assets following a series of unfavorable economic data. Although several reports indicate that inflation in the US is cooling, it remains high. This has led many to believe that the Federal Reserve (Fed) may not yet be able to cut interest rates.

According to the CME FedWatch Tool, the market is pricing in a 98% probability that the Fed will keep interest rates unchanged at its June meeting, but has begun pricing in deeper rate cuts later this year. Interest rate futures indicate traders' expectations that the Fed will begin cutting rates in September.

On May 11, Minneapolis Federal Reserve President Neel Kashkari said that prolonged high interest rates and an inverted yield curve could put further strain on the banking system, but would be necessary if inflation remains high.

Over the past week, the Bank of England also raised its benchmark interest rate by a quarter of a percentage point to 4.5%, and Governor Andrew Bailey said the Bank of England would be "on track" in its efforts to curb inflation, the highest of any major economy. According to a Reuters poll of analysts, US Treasury yields are expected to rise significantly next month.

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