Market

Dollar Hits Record High Against Dong: A Deep Dive into Currency Shifts and Market Reactions

Vietcombank Holds Steady at Record Exchange Rate

Vietcombank has maintained its exchange rate at a record VND26,400, a level first achieved on Tuesday. Meanwhile, the black market sees the greenback rising by 0.24% to approximately VND26,520.

State Bank of Vietnam Adjusts Reference Rate

The State Bank of Vietnam has slightly increased its reference rate by 0.09% to VND25,228, signaling subtle shifts in the country's monetary policy.

Global Currency Movements

Globally, the euro remains near its lowest in a month, impacted by the U.S.-EU trade pact's aftermath. The dollar index, reflecting the U.S. currency's strength against six others, stands near a one-month high at 98.815, poised for its first monthly gain this year.

The euro shows a slight recovery, up 0.19% at $1.1566, after hitting a one-month low. Despite an 11.7% increase since the year's start, it faces its first monthly drop. The yen strengthens to 147.94 per dollar amid concerns over a Pacific earthquake and tsunami's potential impact on Japan's infrastructure.

Sterling and the Australian dollar are trading at $1.3358 and $0.6517, respectively, as markets remain vigilant.