USD exchange rate today May 29, 2025: Free exchange rate increased slightly for the second day thanks to trade optimism

Domestic USD exchange rate today

The central exchange rate today (May 29) was increased by 12 VND by the State Bank to 24,947 VND/USD compared to yesterday's listed rate.

Applying a 5% margin, the current USD exchange rate that commercial banks are allowed to trade is from 23,750 - 26,144 VND/USD.

The reference buying and selling exchange rate is also kept by the State Bank of Vietnam at 23,750 - 26,144 VND/USD.

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 29, 2025 increased slightly in both buying and selling directions compared to yesterday's trading session, trading around 26,260 - 26,360 VND/USD.

USD exchange rate today May 29, 2025: Free exchange rate increased slightly for the second day thanks to trade optimism

Domestic USD exchange rate	May 29, 2025		Change from previous session
Bank	Buy	Sell	Buy	Sell
Vietcombank	25750	26140	40	40
VietinBank	25786	26146	196	46
BIDV	25786	26146	56	56
Techcombank	25766	26142	43	44
Eximbank	25755	26185	45	55
Sacombank	25760	26140	35	35

According to the exchange rate table on May 29, 2025, USD exchange rates at domestic commercial banks simultaneously recorded a significant increase in both buying and selling directions.

VietinBank was the bank with the strongest increase in the day. The USD buying price here increased by 196 VND, to 25,786 VND/USD, while the selling price also increased by 46 VND, reaching 26,146 VND/USD. This impressive increase made VietinBank the place with the highest USD buying rate of the session.

BIDV and Techcombank both listed buying prices at VND25,786/USD and VND25,766/USD, up VND56 and VND43, respectively, compared to yesterday. Selling prices at both banks also increased accordingly, indicating that market sentiment is leaning towards the possibility of the USD continuing to rise in value.

Vietcombank adjusted up 40 VND for both buying and selling, bringing the selling price to 26,140 VND/USD, equal to the level at Sacombank.

Eximbank is the only bank in the group with an outstandingly high selling price of 26,185 VND/USD, although the increase during the day was 55 VND, not too sudden compared to other banks.

World USD exchange rate on May 29, 2025

The USD Index (DXY), a measure of the greenback's strength against other major currencies, was trading at 99.90, up 0.29% from yesterday, as of 4:30 a.m. (Vietnam time).

The US dollar (USD) continued to rise on optimism that trade deals will support the US economic growth outlook, while the Japanese yen (JPY) weakened after the Japanese government saw record low demand for 40-year bonds.

Confidence in the US economy improved after President Donald Trump decided to postpone plans to impose 50% tariffs on imports from the European Union last weekend. Earlier, the US also reached an agreement with China to reduce tariffs on each other. According to Karl Schamotta, an expert at Corpay, the quick reversal of the tariff threats has supported global risk sentiment and improved the outlook for the US economy, thereby pushing the dollar higher.

Investors are also awaiting Nvidia’s earnings results after the U.S. stock market closes on Wednesday. If the results are positive, market sentiment will remain positive and support the dollar.

The Federal Reserve is scheduled to release the minutes of its May meeting on Wednesday. However, experts do not expect any major changes. The Fed kept interest rates unchanged at the meeting and highlighted the risks of rising inflation and unemployment. Meanwhile, consumer confidence data released on Tuesday was stronger than expected, suggesting the US economy remains stable. While there are no clear signs of weakness, the Fed is likely to continue to prioritize controlling inflation.

In the foreign exchange market, the euro fell 0.14% against the dollar, trading at 1.1312 USD. The dollar rose 0.33% against the yen, to 144.8 JPY. The DXY index, which measures the strength of the dollar against a basket of six major currencies, rose 0.23% to 99.75 points.

In Japan, demand at a 40-year government bond auction on Wednesday fell to its lowest level since July as investors sold ultra-long-dated bonds. News that Japan may cut issuance of such bonds sent the yen down about 1% in the previous session.

Weak demand for long-term bonds also highlights concerns about rising global budget deficits. Investors are closely watching the passage of a spending and budget bill in the U.S. Congress that could add trillions of dollars to the national debt.

In other markets, the Australian dollar fell 0.42% to $0.6416 after data showed the country's consumer inflation remained flat in April, reinforcing expectations of a possible interest rate cut.

Meanwhile, the New Zealand dollar edged up 0.07% to $0.595. The Reserve Bank of New Zealand cut interest rates by 25 basis points as expected, but also signaled that the policy easing cycle may be coming to an end, contrary to many investors' expectations.

Source: https://baonghean.vn/ty-gia-usd-hom-nay-29-5-2025-ty-gia-tu-do-tang-nhe-ngay-thu-hai-nho-lac-quan-thuong-mai-10298436.html