US Dollar Slips Against Vietnamese Dong

The US dollar saw a slight decrease of 0.05%, trading at around VND26,515 in unofficial exchange points, while Vietcombank maintained a steady exchange rate at VND26,440.

State Bank of Vietnam Adjusts Reference Rate

The State Bank of Vietnam made a minor adjustment, increasing its reference rate by 0.04% to VND25,249, signaling cautious movements in the currency market.

Global Dollar Dynamics

Globally, the dollar retained gains from previous sessions after inflation data exceeded expectations, leading traders to reconsider the likelihood of rate cuts by the U.S. Federal Reserve. This comes as U.S. producer prices recorded their fastest rise in three years during July, highlighting growing inflationary pressures that could challenge the Fed's policy decisions.

Meanwhile, the euro and sterling remained stable against the dollar after recent declines, and the Japanese yen appreciated by 0.3% to 147.395, bolstered by stronger-than-anticipated GDP figures for the second quarter.

The dollar index, reflecting the currency's performance against a basket of major trading partners' currencies, slightly retreated following the PPI data release, ending 0.1% lower at 98.143.