Dollar-Dong Exchange Rate

Vietcombank reported a slight increase in the greenback's value against the Vietnamese dong, selling it at VND25,470, which marks a 0.04% rise from the previous Monday.

Central Bank's Move

The State Bank of Vietnam adjusted its reference rate upwards by 0.04%, setting it at VND24,258. This move reflects the bank's strategy to manage currency fluctuations.

Black Market Dynamics

On the black market, the dollar experienced a 0.19% decrease, trading at VND25,660. This indicates divergent market forces at play influencing the currency's value.

Global Market Influence

Globally, the Australian dollar plunged towards a four-month low following the central bank's softened stance on policy outlook, hinting at potential earlier interest rate cuts, as reported by Reuters.

Meanwhile, the U.S. dollar held steady against major rivals and reached its strongest level this month against the yen. Traders are anticipating U.S. inflation data due Wednesday, which could provide insights into the Federal Reserve's easing pace.

The Aussie dollar dropped 0.71% to $0.63955, nearing its Friday low of $0.6373, a level not seen since August 5. The U.S. dollar index, measuring the currency against six major peers, remained stable at 106.16.