Vietcombank's Dollar Sale Price Drops

Vietcombank sold the dollar at VND25,484, marking a 0.10% decrease from Wednesday's rate. This decline in the dollar's value against the Vietnamese dong is a notable development in the market.

State Bank of Vietnam Adjusts Reference Rate

In response to market dynamics, the State Bank of Vietnam has lowered its reference rate by 0.10% to VND24,271. This adjustment reflects the evolving economic conditions and the bank's efforts to stabilize the currency market.

Dollar's Performance on the Black Market

The dollar also experienced a decline on the black market, dropping by 0.19% to VND25,790. This trend indicates a broader weakening of the dollar's position in the Vietnamese market.

Global Market Trends

Globally, the euro has seen its sharpest rise in four months, driven by hawkish remarks from a central bank policymaker. Meanwhile, the yen is approaching its strongest week in three months, fueled by speculation that Japan may hike interest rates in December, as reported by Reuters.

These global moves have stalled the dollar's resurgence, particularly as U.S. markets are expected to see thin trade due to the Thanksgiving holiday.