Dollar's Decline Against Dong

Vietcombank reported a slight decrease in the dollar's value, selling it at VND25,548, marking a 0.02% drop from the previous day. The State Bank of Vietnam also adjusted its reference rate slightly lower to VND24,332. Meanwhile, the dollar remained stable on the black market at around VND25,800.

Global Impact

Globally, the U.S. dollar is experiencing a downturn, hovering near a one-week low against major currencies. This shift comes as traders speculate on the potential moderation of President-elect Donald Trump's previously aggressive tariff plans. A report from the Washington Post suggested that Trump's team is considering applying tariffs only to sectors deemed critical to U.S. national or economic security, leading to the dollar's slide against currencies like the euro and sterling.

Market Reactions

The U.S. dollar index, which measures the currency against a basket of six major rivals, saw a slight increase to 108.38 after reaching its lowest point since December 30 at 107.74 overnight. This fluctuation reflects the market's uncertainty and the global currency market's sensitivity to U.S. policy changes.