Unofficial Exchange Points Witness Dollar Increase

The greenback experienced a 0.35% rise, reaching VND25,850 at unofficial exchange points, signaling a notable shift in the currency market.

Vietcombank Holds Steady

In contrast, Vietcombank maintained its rate at VND25,538, showcasing a different strategy in the fluctuating market.

State Bank of Vietnam's Reference Rate Unchanged

The State Bank of Vietnam kept its reference rate steady at VND24,322, indicating a cautious approach amidst the dollar's upward trajectory.

Global Dollar Index Trends

Globally, the dollar index, which measures the currency against six major currencies, showed a slight ease of 0.06%, with a weekly gain of 0.2% and a 6.6% increase in 2024, according to Reuters.

Federal Reserve's Cautious Stance

Fed Chair Jerome Powell emphasized a cautious approach towards further rate cuts, following a quarter-point reduction, highlighting the Federal Reserve's careful navigation of the current economic landscape.