Market

Dollar Hits 8-Day Low Against Dong: A Deep Dive into Currency Fluctuations and Market Reactions

Vietcombank Adjusts Greenback Rates

Vietcombank has adjusted its selling price for the greenback to VND26,305, marking a slight decrease of 0.09% from the previous day.

State Bank of Vietnam's Strategic Move

The State Bank of Vietnam made a subtle yet strategic adjustment by lowering its reference rate by 0.03% to VND25,121, signaling potential shifts in the currency market.

Black Market Stability

Despite these adjustments, the dollar remains steady on the black market at VND26,500, indicating a complex interplay between official and unofficial currency channels.

Global Currency Movements

On the global stage, the dollar saw a 0.2% increase to 146.36 yen, reaching a two-week high, while the euro held steady at $1.1741, as reported by Reuters.

Aussie Dollar's Anticipated Move

The Australian dollar advanced 0.4% to $0.6516 ahead of a central bank meeting, where a 25-basis-point cut is widely anticipated by policymakers.