Vietcombank Raises Dollar Selling Rate

Vietcombank sold the dollar 0.01% higher at VND25,509, reflecting a slight increase in demand for the U.S. currency.

State Bank of Vietnam Adjusts Reference Rate

The State Bank of Vietnam raised its reference rate by 0.01% to VND24,295, aligning with global market trends.

Global Impact of Trump's Tariff Announcement

Globally, the U.S. dollar surged against major rivals after President-elect Donald Trump announced plans to impose tariffs on products from Mexico, Canada, and China, as reported by Reuters.

The U.S. currency also reached its highest level since July 30 against China's yuan, further influencing global currency markets.

Australian Dollar Reacts to Global Trends

The Australian dollar sank to a more than three-month low of $0.64335 in early Asian hours and was last down 0.41% at $0.6478. This decline is often linked to China's status as Australia's biggest trading partner.