USD exchange rate today (May 31): USD "fluctuating"...

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 0.16% to 99.44.

USD exchange rate today in the world

The US dollar rebounded slightly in the last trading session, and is on track for its first monthly gain against the Japanese yen this year.

Earlier, on May 28, the Court of International Trade (CIT) in Manhattan blocked most of the import tariffs that US President Donald Trump imposed on trading partners, on the grounds that Mr. Trump exceeded his authority when imposing the tariffs. Immediately after that, the Federal Court of Appeals for the Washington District temporarily suspended the lower court's decision to block the tariffs, pending the US government 's appeal.

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

However, the Trump administration also affirmed on May 28 that this would not affect the negotiations scheduled in the next few days.

While it remains unclear exactly how much of the tariffs will be imposed on trading partners, traders expect them to remain in some form. White House trade adviser Peter Navarro said on May 29 that the Trump administration would seek to impose tariffs through other means if it loses its appeals.

Investors are concerned that tariffs will slow economic growth and fuel inflation, although tariff reduction agreements with China and the European Union have eased pessimism about the US economic outlook.

The dollar rebounded shortly after Mr Trump said China had violated a tariff deal with the US. A day earlier, US Treasury Secretary Scott Bessent said trade talks between the US and China had “somewhat stalled”.

Then on May 30, President Donald Trump said he would speak with Chinese President Xi Jinping and hoped to resolve their differences over trade and tariffs.

The dollar reacted little to data released on May 30 showing that U.S. consumer spending rose slightly in April, while inflation eased in the month. Separately, a report showed the U.S. goods trade deficit narrowed sharply in April.

The May jobs report due late next week will provide a clearer picture of the US labor market, after data released on May 20 showed the number of applications for unemployment benefits rose more than expected in the most recent week.

On the other hand, the euro fell 0.12% to $1.1356. The currency is on track to gain 0.27% for the month, its smallest gain since February.

German inflation fell in May, bringing it closer to the European Central Bank's 2% target and strengthening the case for an interest rate cut next week.

The dollar fell 0.21% against the Japanese yen to 143.88. The greenback is on track for a 0.6% monthly gain against the Japanese currency, its first monthly gain since December 2024.

USD exchange rate today, May 31: USD fluctuates around 99. Photo: Reuters

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on May 31, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 16 VND, currently at 24,978 VND.

* The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,780 VND - 26,176 VND.

USD exchange rates at commercial banks are as follows: