Vietcombank's Latest Exchange Rate Adjustment

The US dollar was sold at VND26,323 by Vietcombank, marking a 0.05% increase from the previous peak of VND26,310 on June 24. Meanwhile, on the black market, the currency experienced a slight decline of 0.26% from Tuesday, settling around VND26,440.

Year-to-Date Performance

Since the beginning of the year, the US dollar has seen a significant appreciation of 3.02% against the Vietnamese dong.

State Bank of Vietnam's Response

In response to these fluctuations, the State Bank of Vietnam has adjusted its reference rate upwards by 0.05% to VND25,070.

Global Currency Trends

Globally, the US dollar is hovering near its lowest level since February 2022 against major currencies. This trend is influenced by dovish signals from Federal Reserve Chair Jerome Powell and the potential implications of President Donald Trump's spending bill, as reported by Reuters.

The dollar's performance is notably weak against the euro and the Swiss franc, reaching levels not seen since September 2021 and January 2015, respectively.

The dollar index, a measure against six major currencies, saw a minor increase to 96.677, remaining close to its overnight low of 96.373.

Against the Swiss franc, the dollar remained stable at 0.7906, after a previous session low of 0.7873. The euro held steady at $1.1802, near its peak of $1.1829, while sterling saw a slight increase to $1.37435, approaching its October 2021 high of $1.3787.

Against the yen, the dollar recovered slightly by 0.1% to 143.59 yen, following a 0.4% drop in the prior session.