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 0.06% to 104.27.

USD exchange rate in the world today

The dollar edged higher, after falling slightly earlier in the session as a US debt ceiling deal boosted risk appetite in global markets and dented the greenback's safe-haven appeal.

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

US President Joe Biden on May 28 completed a budget deal with House Speaker Kevin McCarthy. Specifically, the two sides agreed to temporarily remove the public debt limit and cut some federal government spending for 2 years. Accordingly, the US government's borrowing will be allowed to exceed the $31.4 trillion ceiling until January 1, 2025, after the next presidential election in this country. This agreement is ready to be sent to Congress for a vote.

“Market focus will quickly shift to the fact that reaching a deal is just one step in the process as it awaits approval by Congress,” said Charu Chanana, market strategist at Saxo Markets in Singapore.

US Treasury Secretary Janet Yellen said on June 26 that the government will default if Congress does not raise the debt ceiling of 31.4 trillion USD before June 5.

Data released late last week also showed that US consumer spending rose more than expected in April and inflation picked up. Money markets are pricing in a 62% chance of the US Federal Reserve raising interest rates by 25 basis points in June, up from 26% last week.

Meanwhile, the euro fell 0.2% to $1.0709. Global optimism pushed the risk-sensitive AUD and NZD to six-month lows last week.

USD exchange rate today (May 30): USD improves in the first session of the week. Illustration photo: Reuters.

Domestic USD exchange rate today

In the domestic market, at the end of the trading session on May 29, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 1 VND, currently at: 23,712 VND.

* The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,400 VND - 24,847 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate

Buy

Sell

Vietcombank

23,310 VND

23,650 VND

Vietinbank

23,265 VND

23,685 VND

BIDV

23,325 VND

23,625 VND

* The Euro exchange rate at the State Bank's exchange office for buying and selling slightly decreased to: 24,151 VND - 26,693 VND.

Euro exchange rates at commercial banks are as follows:

Euro exchange rate

Buy

Sell

Vietcombank

24,774 VND

25,899 VND

Vietinbank

24,298 VND

25,588 VND

BIDV

24,792 VND

25,912 VND

MINH ANH