Exchange rates of USD, EUR, AUD, CAD, Japanese Yen, British Pound... Economic recovery, debt ceiling increase, greenback appreciation

Update foreign exchange rates today, May 26, USD, EUR, AUD, CAD, Pound, Japanese Yen, exchange rates... Economic recovery, debt ceiling increase, greenback confidently increases in value, EUR and Japanese Yen decrease.

Tỷ giá ngoại tệ hôm nay 26/5: Tỷ giá USD, Euro, AUD, CAD, Yên Nhật, Bảng Anh... Kinh tế hồi phục, tăng trần nợ, đồng bạc xanh tự tin tăng giá

Foreign exchange rates today, May 26: USD, EUR, AUD, CAD, Japanese Yen, British Pound... Economic recovery, debt ceiling increase, greenback appreciation. Illustrative photo. (Source: finanzmarktwelt)

Foreign exchange rates today 5/26

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of May 26 was announced by the State Bank at 23,711 VND/USD, an increase of 15 VND compared to yesterday.

With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,894 VND/USD and the floor rate is 22,525 VND/USD.

At commercial banks this morning, the prices of USD and Chinese Yuan (CNY) adjusted slightly.

At 9:30 a.m., the greenback price at Vietcombank was listed at 23,280-23,650 VND/USD (buy-sell), up 10 VND in both buying and selling compared to the end of yesterday's session.

The listed CNY price is 3,248-3,387 VND/CNY (buy-sell), down 3 VND in both buying and selling compared to the end of yesterday's session.

At BIDV , the USD price is listed at 23,325-23,625 VND/USD, up 5 VND in both buying and selling compared to the end of yesterday's session.

The price of CNY at this bank is listed at 3,262-3,371 VND/CNY (buy-sell), down 9 VND in both buying and selling compared to yesterday's closing price.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from May 25 to May 31
1	EUR	Euro	24,559.45	25,934.65	25,524.25
2	JPY	Japanese Yen	163.50	173.09	170.77
3	GBP	British Pound	28,227.36	29,431.00	29,481.84
4	AUD	Australian Dollar	14,927.75	15,564.29	15,591.18
5	CAD	Canadian Dollar	16,810.53	17,527.35	17,509.98
6	RUB	Russian Ruble	278.83	308.71	295.68
7	KRW	Korean Won	15.33	18.68	17.97
8	INR	Indian Rupee	283.09	294.45	286.30
9	HKD	Hong Kong Dollar (China)	2,919.82	3,044.32	3,023.27
10	CNY	Chinese Yuan China	3,262.00	3,371.00	3,379.56

(Source: State Bank, Vietcombank)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.33% to 104.21.

Specifically, the greenback exchange rate in the world increased, however the EUR and Japanese Yen decreased.

The greenback rose for a fourth straight session and hit a two-month high, as fresh US data pointed to a resilient economy even after the Federal Reserve’s “massive” interest rate hikes.

“We’re definitely not going to see the recession that people are talking about in 2023, so in that scenario, the rates will go higher,” said Erik Bregar, director of FX and precious metals risk management at Silver Gold Bull in Toronto. “The momentum is definitely tilted toward the greenback.”

However, recent comments from Fed officials still show that there are two schools of thought on whether to continue raising interest rates: Boston Federal Reserve President Susan Collins said on May 25 that it may be time for the US Central Bank to pause its rate-hike cycle; meanwhile, Richmond Fed President Tom Barkin said the Fed is in the process of "testing and learning" to control inflation.

Concerns about a possible US debt default have supported the greenback recently, as talks continue in Washington to raise the $31.4 trillion debt ceiling.

According to the CME Fedwatch Tool, the market is currently pricing in about a 53% chance that the Fed will raise rates by 25 basis points at its June meeting.

Elsewhere, Germany, Europe's largest economy, fell into recession in the first quarter as GDP fell 0.3%, sending the euro lower. The euro fell 0.31% to $1.0715. The Japanese yen also fell 0.52% against the greenback to 140.16.

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