On Thursday morning, the U.S. dollar saw a slight increase against the Vietnamese dong, reaching its peak since March 4th.
Vietcombank raised the selling price of the dollar to VND25,740, an increase of 0.04% compared to Wednesday.
The State Bank of Vietnam increased its reference rate by 0.07%, setting it at VND24,807.
Unofficial exchange points offered the US dollar for VND25,940, marking an increase of 0.39%.
The value of the dollar has increased by 0.74% compared to the Vietnamese dong since the start of the year.
Worldwide, the dollar weakened on Thursday following indications from the Federal Reserve that interest rates might be reduced before the end of the year. This came despite uncertainties surrounding U.S. tariff policies. Meanwhile, the pound surged to a four-month peak ahead of the Bank of England’s monetary policy announcement. Reuters reported.
The dollar index, gauging the American currency relative to six counterparts, remained stable at 103.41 during initial trade sessions yet stayed near the five-month low reached earlier in the week. The euro maintained its position at $1.09085.
The Japanese yen showed some strength at 148.36 against the dollar, following the Bank of Japan’s decision to maintain interest rates and their caution about increasing worldwide economic instability. They indicated that future rate increases would hinge mainly on the consequences stemming from U.S. tariff policies.
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