In the morning of May 30.5, the central exchange rate between VND and USD announced by the State Bank was 23.714 VND, plus 2 VND compared to yesterday. The USD price at commercial banks went down at the same time as Eximbank decreased by 10 dong while buying 23.240 dong, selling 23.620 dong; Vietcombank decreased by 10 dong when buying to 23.280 dong and selling 23.650 dong.
Similarly, the free USD price fluctuated in the opposite direction when it decreased by 10 dong, bringing the buying price down to 23.440 dong but increasing by 10 dong on the selling side, to 23.540 dong. However, the free USD price is still 120 VND lower than the selling price of commercial banks.
Free USD price in the morning of May 30.5 increased slightly in the afternoon of selling but still lower than banks
The USD price today on the world market fluctuated slightly when the USD-Index fell to 104,18 points, down 0,1 points compared to yesterday.
According to Reuters, USD prices traded steady at the beginning of the week as the possibility of economic recovery in the US raised expectations that the US Federal Reserve (Fed) would continue to raise interest rates higher. In addition, the market received the news that the debt ceiling agreement was approved, which also reduced the risk sentiment about a crisis. According to the CME FedWatch tool, the market is now forecasting a nearly 68% chance the Fed will raise rates by 25 basis points in June, compared with about a 6% chance a week ago.
However, some analysts believe that the initial test for the debt ceiling bill in the US will take place on May 30.5, when the House of Representatives reviews the bill's text. This is a necessary first step before the House of Representatives participates in the vote. While the committee usually agrees with the leadership of the House, current House Speaker McCarthy will have to work hard to convince some skeptical conservative lawmakers to help the bill win support...
