Market Highlight 27.05.2026

U.S consumer confidence edged lower in May as prices continued to rise amid the war in Iran. The Conference Board’s confidence index fell by 0,7 points to 93,1, according to data released last night. The report adds to evidence of growing concern among U.S consumers over the high cost of living. The recent surge in fuel prices has been especially difficult for lower-income households, even though the U.S labor market remains broadly stable and there are still few signs of widespread layoffs. The survey also found that around two-thirds of consumers said they had cut back on spending overall because of higher prices, with most of those reducing expenditure either buying fewer goods or delaying more expensive purchases. According to economists, D. Trump won the 2024 presidential election largely on the promise of bringing inflation down. Yet U.S consumers are now facing higher prices again, first because of sharply higher import tariffs and more recently because of the war in Iran. The worsening situation poses a challenge for the President’s Republican Party as it seeks to retain control of the U.S Congress in the midterm elections this November.

The USD rose slightly (+0,14%) against other major currencies, including the euro and the yen, on Tuesday after renewed U.S strikes on Iran reduced optimism that a ceasefire agreement was close, boosting demand for the USD as a safe-haven asset. Currency markets remain focused mainly on a single theme - the constant swings in headlines, risk sentiment, and energy prices surrounding the conflict in the Middle East.

Domestically, interbank USD/VND continued to trade steadily around 26.350 yesterday. The effective daily ceiling was also adjusted up by a further VND 2 to 26.394.

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