Exchange rates on June 1st: Slightly increased.

On the morning of June 1st, the central exchange rate at the State Bank of Vietnam was 25,139 VND/USD. With a 5% trading band, commercial banks are allowed to quote exchange rates within the range of 23,882 - 26,396 VND/USD. Reference exchange rates between the Vietnamese Dong and other foreign currencies are provided by the Foreign Exchange Management Department.

Surveys at major banks show that the selling price of USD is uniformly listed at 26,395 VND/USD, close to the ceiling allowed by the State Bank of Vietnam.

Specifically, at Vietcombank, the USD exchange rate is listed at 26,085 - 26,395 VND/USD (buy - sell). BIDV trades around 25,125 - 26,395 VND/USD. Vietinbank is at 25,945-26,395 VND/USD. Techcombank lists it at 26,036 - 26,395 VND/USD.

In the free market, the USD/VND exchange rate was quoted at 26,400 VND/USD for buying and 26,450 VND/USD for selling, an increase of 20 VND for buying and 30 VND for selling compared to the previous session.

The exchange rates for other major foreign currencies in the international payment basket at Vietcombank are listed as follows:

On the international market, the USD Index (DXY) fluctuated around 98.91 points. The US dollar weakened last week as demand for safe-haven assets decreased due to signs of easing geopolitical tensions. Positive developments in contacts between the US and Iran somewhat improved market sentiment, causing less capital to flow into the greenback as a defensive asset.

Furthermore, the cautious stance of the US Federal Reserve (Fed) is also putting pressure on the USD. Although US inflation remains high, as evidenced by the personal consumption expenditure (PCE) price index rising to 3.8% over the past 12 months, Fed officials have not given a clear signal about further tightening of monetary policy. Instead, the Fed has indicated it will continue to closely monitor economic data before making its next decision.

The combination of declining safe-haven demand and the Fed's cautious stance has kept the USD-Index mostly fluctuating within a narrow range and under downward pressure, although there were some slight upward movements during the week.

Source: https://hanoimoi.vn/ty-gia-ngay-1-6-tang-nhe-976518.html