Unofficial Exchange Rates Show Dollar Uptick

In the black market, the US dollar experienced a modest increase of 0.04% against the Vietnamese dong, reaching VND26,460, while Vietcombank maintained a stable rate at VND26,320.

State Bank Adjusts Reference Rate

The State Bank of Vietnam slightly adjusted its reference rate upwards by 0.02% to VND25,191, signaling subtle shifts in the currency's valuation.

Global Dollar Weakness Continues

Globally, the dollar remained under pressure, influenced by recent trade developments and policies from the US administration. The currency's performance has been notably affected since the announcement of tariffs by President Donald Trump.

Currency Highlights: The dollar traded at 146.90 yen, marking a 0.2% gain after a previous session's loss. The euro and sterling also saw minor adjustments in their valuations against the dollar.

Market Strategist Insights

"Dollar softness seems to be our opening proposition," remarked Michael McCarthy, Market Strategist at Moomoo Australia, highlighting the current dovish sentiment surrounding the US dollar in global markets.