Dollar rate rises: what does this mean for Vietnam and the yen?

Dollar rate rises: what does this mean for Vietnam and the yen?

On May 28, 2025, the US dollar strengthened while the Japanese yen came under pressure due to falling long-term government bond yields. This development is accompanied by improved consumer confidence in the US, which has a positive impact on the strength of the dollar. Loud vietnam.vn Several exchange rates were published today:

The central rate of the State Bank of Vietnam is 24,935 VND/USD, a decrease of 5 VND compared to the previous day. At Vietcombank, the rate for USD has risen to 25,710 - 26,100 VND/USD, an increase of 10 VND on both sides.

Bank exchange rates

Additionally, the black market exchange rate is reported to be between 26,262 and 26,362 VND/USD, which represents a decrease of 19 VND compared to the previous day. The dollar index (DXY) is at 99.48 points and has increased by 0.47 points since May 27, 2025.

Impact of consumer trust

The rising prices are closely linked to improved consumer confidence in the USA, which has exceeded forecasts. This optimism is supported by an announcement by the US President, who announced the withdrawal of tariffs on EU imports. Analysts are closely monitoring the impending passage of a spending and tax law in the US Congress, which could influence further market developments.

In the international market, the USD rose 1% to 144.26 yen, while the euro fell 0.27% to $1.1356. These changes are a clear indicator of the volatility arising from global bond markets, particularly in Japan. It is considering reducing the issuance of ultra-long-term bonds.

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