Market Highlight 02.06.2026

U.S manufacturing activity expanded at the fastest pace in 4 years in May, driven by stronger new orders and higher output. According to data released on Monday, the Institute for Supply Management’s manufacturing index rose 1,3 points to 54, pointing to a strong rebound in the sector amid a surge in artificial-intelligence investment, more favorable tax incentives, and a temporary easing in trade-policy uncertainty. Almost every manufacturing industry recorded growth in May, including printing, textiles, electrical equipment, and plastics. The only industry to report a decline was wood products. The pace of growth in new orders rose to the highest level in 4 months, alongside a strong increase in factory output. Part of this gain may reflect efforts by firms to build inventories ahead of future price increases, as the conflict in the Middle East and the closure of the Strait of Hormuz have pushed up oil prices and other input costs. ISM data also showed that raw-material costs continued to rise sharply, staying near their highest level since 2022.

The USD rose 0,24% on Monday after posting a mild weekly decline of 0,38%, as the market digested new signals highlighting the fragility of diplomatic efforts to end the war in Iran. Escalating tensions in Lebanon are making the negotiation process increasingly difficult. At the same time, the market is also awaiting the U.S May employment report due this Friday to assess the likelihood of a FED rate hike later this year.

Domestically, USD/VND moved back up to around 26.325 by the end of Monday as interbank VND rates eased again. The effective daily ceiling stood at 26.394.

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