On the morning of May 5th, the central exchange rate of the State Bank of Vietnam was 25,112 VND/USD, a slight decrease of 1 VND compared to before the holiday. The USD price at commercial banks also adjusted downwards, commonly listed at 26,367 VND/USD for the selling rate.
Specifically, Vietcombank quoted the exchange rate at 26,107 - 26,367 VND/USD, BIDV at around 26,137 - 26,367 VND/USD, Techcombank at 26,085 - 26,367 VND/USD, whileACB listed it at 26,130 - 26,367 VND/USD. The USD/VND exchange rate on the free market was around 26,670 - 26,720 VND/USD, down 10 VND in both directions compared to the previous session.
Asian currencies generally traded with little change, with the South Korean Won and Singapore Dollar rising slightly against the USD, while the Chinese Yuan and Indian Rupee remained flat. The Japanese Yen emerged as a bright spot, continuing its appreciation amid market movements that supported it last week.
On the international market, the USD Index (DXY) fluctuated around 98.47 points, up nearly 0.1% from the previous closing session. Minneapolis Fed President Neel Kashkari stated that a rate hike could not be ruled out, given that the conflict with Iran could increase inflationary pressure.
According to Matt Simpson, a financial market analyst, although the USD tends to weaken seasonally, the decline may be limited as the Fed has not yet shown signs of easing policy and geopolitical risks remain. In the short term, the USD is likely to continue fluctuating within a narrow range unless there are major changes in the macroeconomic landscape.
Source: https://hanoimoi.vn/ty-gia-ngay-5-5-usd-on-dinh-748364.html
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