Vietcombank Adjusts Dollar Rate

Vietcombank has slightly increased its selling rate for the dollar by 0.07%, setting it at VND26,150. This adjustment comes as part of broader currency movements observed in the market.

State Bank of Vietnam's Reference Rate

The State Bank of Vietnam has made a minor reduction in its reference rate by 0.01%, now standing at VND24,927. This change reflects the central bank's response to current economic indicators.

Black Market Dynamics

Contrary to official channels, the black market saw the dollar decrease by 0.07%, with rates dropping to VND26,510. This divergence highlights the complexity of currency valuation outside regulated exchanges.

Year-to-Dollar Performance

Since the start of the year, the dollar has appreciated by 2.34% against the dong, signaling a gradual but noticeable shift in currency strength.

Global Currency Trends

On the international stage, the U.S. dollar experienced a downturn against most major currencies on Thursday. This retreat followed the Federal Reserve's cautionary remarks regarding inflation and unemployment risks, as reported by Reuters.

Impact of Trade Deal Announcements

The pound and Australian dollar saw significant gains after U.S. President Donald Trump hinted at a forthcoming "major trade deal," speculated to involve Britain. Sterling notably advanced by 0.4% to $1.3341, despite anticipations of a rate cut by the Bank of England.