USD, EUR, AUD, CAD, Japanese Yen, British Pound exchange rates... Debt ceiling awaits US Congress, greenback falls

Update foreign exchange rates today, May 31, USD, EUR, AUD, CAD, Pound, Japanese Yen, exchange rates... Debt ceiling waiting for US Congress , greenback falls.

Tỷ giá ngoại tệ hôm nay 31/5: Tỷ giá USD, EUR, AUD, CAD, Yên Nhật, Bảng Anh... Mỹ tạm thời gỡ bỏ giới hạn nợ công, đồng bạc xanh tiếp tục tăng

Foreign exchange rates today, May 31: USD, EUR, AUD, CAD, Japanese Yen, British Pound... Debt ceiling awaits US Congress, greenback falls. (Source: Reuters)

Foreign exchange rates today 5/31

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of May 31 was announced by the State Bank at 23,714 VND/USD, unchanged from yesterday.

With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,899 VND/USD and the floor rate is 22,528 VND/USD.

At commercial banks this morning, the USD price decreased, while the Chinese Yuan (CNY) increased.

At 8:15 a.m., the greenback price at Vietcombank was listed at 23,280 - 23,650 VND/USD (buy - sell), down 5 VND in both buying and selling compared to yesterday's closing price.

The listed CNY price is 3,248 - 3,387 VND/CNY (buy - sell), up 7 VND in both buying and selling compared to yesterday's closing price.

At BIDV , the USD price is listed at 23,335 - 23,635 VND/USD (buy - sell), unchanged from yesterday's closing price.

The price of CNY at this bank is listed at 3,263 - 3,372 VND/CNY (buy - sell), an increase of 6 VND in both buying and selling compared to the closing price yesterday.

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	24,504.22	25,876.31	25,524.25
2	JPY	Japanese Yen	163.32	172.90	170.77
3	GBP	British Pound	28,352.96	29,561.92	29,481.84
4	AUD	Australian Dollar	14,873.23	15,507.42	15,591.18
5	CAD	Canadian Dollar	16,786.74	17,502.53	17,509.98
6	RUB	Russian Ruble	297.27	329.13	295.68
7	KRW	Korean Won	15.35	18.70	17.97
8	INR	Indian Rupee	283.11	294.46	286.30
9	HKD	Hong Kong Dollar (China)	2,921.91	3,046.50	3,023.27
10	CNY	Chinese Yuan China	3,263.00	3,372.00	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) decreased slightly by 0.15% to 104.06.

Today, the greenback exchange rate on the world market decreased, the Euro and the Japanese Yen increased.

The greenback began to decline in the last trading session, after US President Joe Biden and House Speaker Kevin McCarthy reached an agreement to temporarily remove the national debt limit, while cutting some federal government spending for 2 years, to prevent default.

The US government will be allowed to borrow above the $31.4 trillion ceiling until January 1, 2025, after the next presidential election. The deal is currently awaiting congressional approval.

Adam Button, chief currency analyst at ForexLive, theorized that the greenback's decline despite the debt ceiling deal could lead to profit-taking at the end of the month.

The market is now awaiting non-farm payrolls data due later in the week, which should provide a clearer picture of the strength of the US labor market.

Elsewhere, the euro rose 0.12% to $1.0718, after hitting a two-month low; meanwhile, the British pound was last trading at $1.2391, up 0.26% on the day.

In the last trading session, the Japanese Yen also increased by 0.42% against the greenback, at 139.85 after Japanese officials raised the value of their currency.

Japan will closely monitor currency market movements and will respond “appropriately” as needed to counter the yen’s decline to a six-month low against the dollar.

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