Exchange rates on May 15th: Free market USD rises sharply.

The domestic USD exchange rate continued to inch up at many commercial banks on the morning of May 15th, while the free market rate increased by up to 40 dong per USD. On the international market, the greenback maintained its upward trend due to expectations of further interest rate hikes by the FED and the continued inflationary pressure in the US.

On the morning of May 15th, the central exchange rate announced by the State Bank of Vietnam was 25,126 VND/USD, an increase of 3 VND compared to the previous session. At major commercial banks, the USD price continued to inch up and was uniformly listed at 26,382 VND/USD for the selling rate. Meanwhile, the USD Index (DXY) fluctuated around 98.74 points.

Reference exchange rates between the Vietnamese Dong and various foreign currencies at the Department of Foreign Exchange Management:

Specifically, Vietcombank listed the USD exchange rate at 26,132 - 26,382 VND/USD (buy - sell), an increase of 3 VND in both directions compared to the previous session. BIDV announced transactions at 26,132 - 26,382 VND/USD, also increasing by 3 VND in both buying and selling directions.

At Techcombank, the USD exchange rate is currently listed at 26,083 VND/USD for buying and 26,382 VND/USD for selling. Compared to the previous session, the selling price increased by 3 VND while the buying price decreased by 1 VND.ACB is trading USD at 26,140 - 26,382 VND/USD, unchanged for the buying price and increased by 3 VND for the selling price.

On the free market, the USD exchange rate on the morning of May 15th traded around 26,370 VND/USD for buying and 26,400 VND/USD for selling, an increase of 40 VND in both directions compared to the previous session. The exchange rates for other major currencies in the international payment basket at Vietcombank are listed as follows:

On the international market, the US dollar strengthened due to persistently high US Treasury yields, as investors increased their expectations that the Federal Reserve (FED) would raise interest rates this year. Market focus is currently on the two-day summit between the US and China.

The US dollar continues to be supported by signs that inflationary pressures are returning in the US. According to data released on Wednesday, US producer prices rose sharply in April, the strongest increase in four years. Prior to that, consumer prices also rose sharply, pushing annual US inflation to its highest level in three years.

Source: https://hanoimoi.vn/ty-gia-ngay-15-5-usd-tu-do-tang-manh-750033.html