Meanwhile, 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 slightly by 0.03% to 104.23.

USD exchange rate in the world today

The US dollar extended its gains for a third straight week, as markets bet the US Federal Reserve will keep interest rates higher for longer, and as investors closely watched developments in final negotiations over the US debt ceiling.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch

Positive developments in talks between President Joe Biden and House Speaker Kevin McCarthy have helped ease investor jitters, although concerns remain about when the two sides will reach a deal. A U.S. administration official said the two sides were close to reaching a deal that would raise the government ’s $31.4 trillion debt ceiling for two years and limit spending on most items.

The dollar's recent rally has also been fueled by growing expectations that the Fed will have to keep interest rates higher for longer to keep inflation in check.

In addition, the US Department of Commerce said on May 26 that US consumer spending increased more than expected in April, up 0.8% in May, boosting the growth prospects of the country's economy in the second quarter. Specifically, the Personal Consumption Expenditures Price Index (PCE) increased 0.4% in April, after reaching an increase of 0.1% in March.

Meanwhile, the Euro also rose 0.11% against the greenback, currently at $1.0731.

Europe's top policymakers have offered differing views on the eurozone's future inflation outlook, with European Central Bank Chief Economist Philip Lane playing down inflation concerns.

USD exchange rate today (May 27): USD sets up 3rd consecutive week of increase. Illustration photo: Reuters

Domestic USD exchange rate today

In the domestic market, at the end of the trading session on May 26, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 15 VND, currently at: 23,711 VND.

* The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,400 VND - 24,846 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate

Buy

Sell

Vietcombank

23,320 VND

23,660 VND

Vietinbank

23,272 VND

23,692 VND

BIDV

23,330 VND

23,630 VND

* The Euro exchange rate at the State Bank's exchange office for buying and selling slightly decreased to: 24,163 VND - 26,707 VND.

Euro exchange rates at commercial banks are as follows:

Euro exchange rate

Buy

Sell

Vietcombank

24,789 VND

25,915 VND

Vietinbank

24,318 VND

25,608 VND

BIDV

24,802 VND

25,917 VND

MINH ANH