Foreign exchange prices on May 29, 2025: USD increases thanks to expectations of a positive US economy

Foreign exchange prices on May 27, 2025: USD continues to decrease

Illustration photo. Photo: Internet

USD exchange rate developments in the international market

The Dollar Index (DXY) – a tool that measures the strength of the greenback against a basket of six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) – closed at 99.48 points, up 0.34 points compared to May 28, 2025.

Pessimism about the US economy has somewhat cooled after President Trump announced over the weekend that he would suspend plans to impose a 50% tariff on goods imported from the European Union, and the US and China reached an agreement earlier this month to reduce the tariffs that both sides had previously applied.

“The swift reversal of tariff threats against Europe over the weekend boosted risk appetite and reduced negative sentiment about the U.S. growth outlook, supporting the dollar,” said Karl Schamotta, chief market strategist at Corpay.

Investors are also focused on Nvidia’s (NVDA.O) earnings report, due after the close of U.S. markets today. If the results are positive, the dollar could benefit from improved risk sentiment, Schamotta said.

Minutes from the US Federal Reserve's May 6-7 policy meeting will be released today, but analysts do not expect many surprises. At this meeting, the Fed decided to keep interest rates unchanged and expressed concern about inflationary pressures and rising unemployment.

New data on US consumer confidence has reinforced the view that the economy is still on solid footing. With no clear signs of a recession, the Fed is expected to continue to prioritize controlling inflation in its next policy decisions.

The euro fell 0.14% against the dollar, currently trading at $1.1312. Meanwhile, the dollar rose 0.33% against the Japanese yen, to 144.8.

USD exchange rate fluctuations in the domestic market

In the domestic market, in the morning trading session of May 29, the State Bank announced the central exchange rate between the Vietnamese Dong and the USD increased by 12 VND, reaching 24,947 VND.

The reference exchange rate at the State Bank of Vietnam has been adjusted up slightly for both buying and selling, currently listed at 23,750 VND - 26,144 VND.

Specifically, at Vietcombank , the USD exchange rate was recorded at 25,750 VND (buy) and 26,140 VND (sell), an increase of 40 VND in both directions compared to the previous session.

At VietBank, the lowest cash purchase price for USD is currently 25,010 VND per US dollar.

With USD transfer transactions at VietBank, the lowest buying price is currently 25,040 VND.

On the cash buying side, HSBC bank is offering the highest rate of 25,804 VND for each USD.

For money transfer transactions, OCB bank is currently the unit with the highest USD purchase price at 25,830 VND.

VIB Bank currently lists the lowest USD cash selling price at 25,760 VND.

Similarly, the lowest USD transfer selling price at VIB bank is also being kept at 25,760 VND.

Saigonbank currently has the highest USD cash selling price in the market, reaching 26,190 VND.

Three banks ABBank, Sacombank and SCB are listing the highest USD transfer price at 26,150 VND.

The Euro exchange rate at the State Bank of Vietnam recorded a slight decrease, currently listed at the buying and selling rates of VND 26,841 - VND 29,866, respectively.

Similarly, the Japanese yen exchange rate at the State Bank of Vietnam also fluctuated slightly downward, currently at 164 VND for buying and 181 VND for selling.

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Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-29-5-2025-usd-tang-nho-ky-vong-kinh-te-my-khoi-sac/20250529083148924