USD exchange rate today (May 28): USD recovers

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 by 0.45% to 99.56.

USD exchange rate today in the world

The US dollar rebounded in the last trading session, as the yen came under pressure from sharp losses, while the greenback was boosted by improving US consumer confidence data.

Bloomberg reported on May 27 that Japan’s Finance Ministry sent a questionnaire to investors about the current market, saying that Japan will consider cutting back on the issuance of ultra-long-term bonds after a recent sharp rise in bond yields.

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

The plan comes as ultra-long-term bond yields surge to record levels due to falling demand from traditional buyers such as life insurers and global market worries about rising debt levels.

The US dollar rose 1% against the Japanese yen to 144.28. In contrast, the euro fell 0.46% to 1.1335 USD.

The greenback rose after data showed US consumer confidence in May was much better than economists expected.

Data this week will include April personal consumption expenditures, the Federal Reserve's preferred inflation gauge, due on May 30.

Neel Kashkari, President of the Minneapolis Fed, on May 27 called for keeping interest rates unchanged until there is clearer information about the effects of tariffs on inflation.

Meanwhile, the euro was hit by data showing French inflation fell to its lowest level since December 2020 in May.

US President Donald Trump on May 25 dropped his threat to impose 50% tariffs on European Union imports from next month, boosting investors' appetite for riskier assets.

European Union (EU) policymakers have asked top EU companies and executives to quickly provide details of their investment plans in the United States, two sources familiar with the matter said, as Brussels prepares for trade talks with Washington.

Investors worry that tariffs will hurt growth and potentially spark inflation.

The euro could become a viable alternative to the dollar if governments focus on strengthening the bloc's financial and security architecture, European Central Bank President Christine Lagarde said on May 26.

Investors are also watching as the US Congress passes President Donald Trump's tax and spending bill, which is expected to add trillions of dollars to the debt.

Meanwhile, the US dollar rose 0.77% against the Swiss franc, reaching 0.827 francs.

Swiss National Bank (SNB) President Martin Schlegel said on May 27 that Swiss inflation could fall into negative territory in the coming months.

USD exchange rate today, May 28: USD is recovering. Photo: Business Times

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on May 28, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 5 VND, currently at 24,935 VND.

* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,739 VND - 26,131 VND.

USD exchange rates at commercial banks are as follows: