Market Update: Dollar vs. Dong

The U.S. dollar experienced a minor decline of 0.04%, reaching VND26,490 at unofficial exchange points, while Vietcombank maintained its rate steady at VND26,290.

Global Currency Movements

Amidst global financial markets, the U.S. dollar showed strength against major currencies like the yen and euro, following President Donald Trump's announcement of new tariffs on Canada and other trading partners. The dollar rose 0.79% against the Japanese yen, marking a significant weekly gain.

Impact of Trade Tensions

Trade tensions have cast shadows over currency stability, with the euro dropping 0.1% against the dollar. The Canadian dollar also weakened, reflecting immediate reactions to the U.S. tariff announcements.

The State Bank of Vietnam’s reference rate remained unchanged at VND25,128, indicating a cautious approach amidst global uncertainties.