U.S. Dollar's Unexpected Drop in the Black Market

In an unexpected turn of events, the U.S. dollar saw a decrease in its value on the black market, with unofficial exchange points selling the greenback at VND25,800, marking a 0.19% drop from the previous Friday.

Stability in Official Exchange Rates

Despite the fluctuations in the black market, Vietcombank maintained its exchange rate at a steady VND25,550. Similarly, the State Bank of Vietnam's reference rate remained unchanged at VND24,334, showcasing a contrasting stability in the official channels.

Global Dollar Performance and Expectations

Globally, the dollar experienced a slight dip on Friday but was poised for its strongest weekly performance in a month. This resilience is attributed to expectations of the U.S. economy continuing to outperform its global counterparts and the anticipation of relatively higher U.S. interest rates throughout the year, as reported by Reuters.

The dollar index was last observed down by 0.28% at 108.91, after reaching a two-year high of 109.54 on Thursday. It was on track for a weekly gain of 0.85%, highlighting the complex dynamics of global currency markets.