Foreign exchange rates, USD/VND exchange rate today, May 29: Confidence in the US economy improves, USD continues to rise

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: May 29, 2025 08:30 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,760	25,770	26,110
EUR	EUR	28,754	28,869	29,976
GBP	GBP	34,336	34,474	35,451
HKD	HKD	3,244	3,257	3,362
CHF	CHF	30,770	30,894	31,789
JPY	JPY	175.48	176.18	183.44
AUD	AUD	16,356	16,422	16,952
SGD	SGD	19,762	19,841	20,386
THB	THB	771	774	808
CAD	CAD	18,421	18,495	19,012
NZD	NZD		15,198	15,706
KRW	KRW		17.99	19.80

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 8:00 a.m. on May 29, the State Bank announced the central exchange rate of the Vietnamese Dong increased by 12 VND, currently at 24,947 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,750 VND - 26,144 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,750 - 26,140 VND.

Vietinbank: 25,645 - 26,155 VND.

Foreign exchange rates, USD/VND exchange rate today, May 29: Confidence in the US economy improves, USD continues to rise. (Source: Vietnamnet)

World market developments

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.35% to 99.88.

The US dollar continued to rise on optimism that trade deals will brighten the US economic outlook.

Market confidence in the US economy has improved, falling after President Donald Trump postponed plans to impose 50% tariffs on European Union (EU) imports and after a trade deal with China earlier this month to reduce reciprocal tariffs.

“The concerns over the threat of tariffs on Europe last weekend, which had boosted investor appetite for riskier assets, have now been alleviated and have reduced the negative sentiment about the trajectory of US growth. That has boosted the dollar,” said Karl Schamotta, market strategist at Corpay.

The US dollar did not react much to the minutes of the US Federal Reserve's May 6-7 meeting released on May 28.

Fed officials acknowledged they may face “difficult trade-offs” in the coming months amid heating inflation and rising unemployment.

The Fed kept interest rates unchanged at its meeting. Fed funds futures traders believe the US central bank is more likely to cut interest rates again in September 2025.

In a contrasting development, the EUR fell 0.35% against the greenback, to $1.1288.

Compared to the Japanese Yen, the USD increased by 0.33% to 144.8.

Demand at Japan’s 40-year government bond auction on May 28 fell to its lowest level since July, amid a market sell-off in ultra-long-dated bonds this month.

Meanwhile, the yen fell about 1% against the greenback in the last trading session, following reports that Japan will consider cutting issuance of ultra-long-term bonds following a recent sharp rise in yields.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-295-niem-tin-voi-kinh-te-my-cai-thien-usd-tiep-tuc-di-len-315870.html