Exchange rates on May 21st: USD rises slightly.

The US dollar continued to rise slightly on May 21st as demand for safe-haven assets increased amid geopolitical tensions and expectations that the Fed would maintain high interest rates. Domestically, many commercial banks simultaneously raised the price of the US dollar.

On the morning of May 21st, the central exchange rate listed by the State Bank of Vietnam was 25,135 VND/USD, an increase of 2 VND compared to the previous session. At the same time, many major commercial banks continued to adjust their USD prices upwards, with the common selling rate being 26,391 VND/USD.
Reference exchange rates between the Vietnamese Dong and various foreign currencies at the Department of Foreign Exchange Management:

Vietcombank and BIDV both increased their selling rates by 2 dong to 26,391 dong/USD; their buying rates both increased by 12 dong to 26,131 dong/USD and 25,161 dong/USD respectively.
Meanwhile, Techcombank traded around 26,107 VND/USD for buying and 26,391 VND/USD for selling, an increase of 12 VND in the buying rate and 2 VND in the selling rate compared to the previous session.ACB listed the USD exchange rate at 26,150 - 26,391 VND/USD, an increase of 10 VND in the buying rate and 2 VND in the selling rate.

On the free market, the USD exchange rate increased by 40 dong in both directions compared to the previous session, currently trading around 26,500 dong/USD for buying and 26,550 dong/USD for selling. The exchange rates for other major currencies in the international payment basket at Vietcombank are listed as follows:

On the international market, the USD Index (DXY) fluctuated around 99.22 points. During Wednesday's trading session, the USD rose to its highest level in six weeks, as investors continued to monitor the possibility that central banks would have to raise interest rates to respond to inflationary pressures arising from the Iran conflict.

The US dollar remains significantly higher than it was before the US and Israel launched their coordinated attack on Iran in late February. Amidst the ongoing tensions, investors are turning to the USD as a safe-haven asset, especially as the US economy is considered more resilient to energy price shocks due to its role as a major energy exporter.

Expectations of rising oil prices fueling a wave of global inflation are also increasing. The Federal Reserve is seen as one of the central banks that could continue to raise interest rates to control price pressures.

This development has driven US government bond yields up sharply in recent days. Notably, the yield on 30-year US Treasury bonds has surged to its highest level since the global financial crisis nearly two decades ago. Typically, bond yields move inversely to bond prices.

Source: https://hanoimoi.vn/ty-gia-ngay-21-5-usd-t-ang-nhe-750990.html