Freedom up slightly but still lower than banks

On the morning of May 30, the central exchange rate between VND and USD announced by the State Bank was 23,714 VND, up 2 VND compared to yesterday. USD prices at commercial banks all decreased, such as Eximbank decreased 10 VND when buying at 23,240 VND, selling at 23,620 VND; Vietcombank decreased 10 VND when buying at 23,280 VND and selling at 23,650 VND.

Similarly, the free USD price fluctuated in the opposite direction, decreasing by 10 VND, bringing the buying price down to 23,440 VND but increasing by 10 VND in the selling price, up to 23,540 VND. However, the free USD price was still 120 VND lower than the selling price of commercial banks.

The USD price today on the world market fluctuated slightly when the USD-Index fell to 104.18 points, down 0.1 points compared to yesterday.

The dollar traded steady at the start of the week as the economic recovery in the United States raised expectations that the Federal Reserve would continue to raise interest rates. In addition, the market welcomed news that the debt ceiling deal had been passed, which also reduced the risk sentiment of a crisis. According to the CME FedWatch tool, the market now forecasts a nearly 68% chance that the Fed will raise interest rates by 25 basis points in June, compared with about a 17% chance a week ago.

However, some analysts say the initial test for the debt ceiling bill in the US will come today, May 30, when the House of Representatives reviews the bill's text. This is the first necessary step before the House votes. Although the committee usually agrees with the House leadership, the current House Speaker, Mr. McCarthy, will have to convince some skeptical conservative lawmakers to help the bill win support...