Euro exchange rate today 5/29/2025: Euro falls due to a clear improvement in the US Consumer Confidence index

Domestic Euro exchange rate today 5/29/2025

* The buying and selling euro exchange rate at the State Bank's Exchange has decreased sharply, currently at: 26,841 VND - 29,666 VND.

Survey at 4:30 on the black market, the euro was traded around 29,387 VND/EUR, slightly down compared to yesterday.

Euro exchange rate today 5/29/2025: Euro falls due to a clear improvement in the US Consumer Confidence index

At 4:30 a.m. today, May 29, the euro exchange rate at domestic banks fluctuated in many directions.

VietinBank was the bank with the strongest adjustment in the session, with a sudden increase of 417 VND in the buying price to 28,996 VND/EUR, while the selling price decreased by 38 VND, to 30,251 VND/EUR. This is a remarkable difference, showing that VietinBank may be adjusting its strategy to attract Euro supply.

In contrast, HSBC made a sharp adjustment in both directions. The buying rate dropped by 172 VND to 28,793 VND/EUR, while the selling rate also lost 179 VND to 29,910 VND/EUR. This move reflects a strong adjustment in the face of international market fluctuations.

The remaining banks such as Vietcombank, Eximbank, and BIDV all had a slight decrease in both directions, showing a cautious state and keeping the exchange rate stable. BIDV maintained the selling price at 30,203 VND/EUR, only slightly down 2 VND, and the buying price was at 28,934 VND/EUR.

Meanwhile, Techcombank and Sacombank adjusted slightly in the buying direction, adding 23 VND and decreasing slightly by 2 VND, respectively, showing caution and no breakthrough changes in exchange rate strategy.

Domestic Euro Exchange Rate	May 29, 2025		Change from previous session
Bank	Cash purchase	Counter	Buy	Sell
Vietcombank	28632	30201	-34	-35
Vietinbank	28996	30251	417	-38
BIDV	28934	30203	-11	-2
Techcombank	28807	30102	23	11
Eximbank	28932	29926	-46	-37
Sacombank	29070	29943	-2	-2
HSBC	28793	29910	-172	-179

EUR/USD world exchange rate today 5/29/2025

On the international market, the euro was recorded at 4:30 a.m. trading at 1.1296 USD/EUR, a sharp decrease compared to the closing price yesterday (May 28).

The recent strength of the US dollar has been driven by a marked improvement in the US Consumer Confidence Index. After six consecutive months of decline, consumer sentiment has shown signs of recovery, while the proportion of Americans predicting a recession in the near future has also decreased, helping to strengthen expectations for the US economic outlook.

Although April's durable goods orders data showed a decline, analysts say the main cause comes from President Donald Trump's inconsistent tax policies, which are detrimental to manufacturing and business investment.

Global markets were also supported by President Trump’s decision to delay imposing a 50% tariff on imports from the eurozone, easing concerns about a new wave of trade tensions. As a result, the US dollar index (DXY) has rebounded about 1% from a one-month low.

In Europe, recent economic data such as the German unemployment rate and French consumer confidence have not provided much support for the euro. This has further reinforced the case that the European Central Bank (ECB) will continue to pursue a dovish monetary policy, with the possibility of further interest rate cuts after its June policy meeting, as officials François Villeroy and Klaas Knot have suggested.

The short-term trend of EUR/USD is expected to continue to depend on developments from the FOMC meeting minutes and new signals on monetary policy from both the Fed and ECB.

Source: https://baonghean.vn/ty-gia-euro-hom-nay-29-5-2025-dong-euro-giam-do-su-cai-thien-ro-ret-trong-chi-so-niem-tin-nguoi-tieu-dung-my-10298437.html