Rising all week while euro turns lower

On the morning of May 26, the domestic USD price recorded a week of high increase. On the weekend, the State Bank announced the central exchange rate between the Vietnamese Dong and the USD at 24,264 VND, an increase of 25 VND compared to the end of last week. Similarly, the USD price at commercial banks also increased simultaneously. Specifically, the USD price at Vietcombank was bought by transfer at 25,277 VND and sold at 25,477 VND, an increase of 27 VND after a week. Eximbank also increased by 40 VND in the buying direction, to 25,260 VND and added 26 VND in the selling direction, to 25,4477 VND...

The free USD price also increased again during the week. Some foreign exchange points bought USD at 25,730 VND and sold at 25,770 VND, an increase of 40 - 60 VND compared to the end of last week.

USD price increased all week

In contrast, the euro price plummeted during the week. For example, Vietcombank bought cash at VND26,809 and sold at VND28,279, down VND124 - 141 compared to the end of last week. Similarly, the Japanese yen also went down, with Vietcombank buying at VND157.13 and selling at VND166.31, down VND1.35 - 1.43 after a week...

According to the State Bank, from the beginning of 2024 until now, VND has depreciated by about 5% compared to USD, similar to the depreciation trend of currencies in the region. This agency will continue to operate the exchange rate flexibly, in accordance with market developments by continuing to synchronously combine monetary policy tools with foreign currency sales to support market liquidity, thereby serving the legitimate foreign currency needs of the economy, contributing to stabilizing market sentiment, stabilizing the macro economy and controlling inflation.

The world USD price remains low. The USD-Index is at 104.65 points, up slightly by 0.28 points compared to the end of last week. The greenback fell sharply after the US inflation report for April was lower than expected. Currently, the prospect of the US Federal Reserve (Fed) cutting interest rates soon has decreased, but this still supports the USD price. Some analysts say there is still a lot of room for the USD to increase in value...

Source: https://thanhnien.vn/gia-usd-hom-nay-2652024-tang-cao-suot-tuan-trong-khi-euro-quay-dau-giam-185240525212623221.htm