Vietcombank Adjusts Dollar Selling Rate

Vietcombank has slightly decreased the selling rate of the dollar to VND25,546, marking a 0.007% drop from Tuesday. On the black market, the greenback experienced a 0.16% decline to VND25,760.

State Bank of Vietnam's Reference Rate Adjustment

The State Bank of Vietnam has increased its reference rate by 0.008% to VND24,330. Since the beginning of the year, the dollar has seen a 0.02% decrease against the dong.

Global Dollar Dynamics

Globally, the dollar remains strong against the yen, hovering near six-month lows. This stability comes as traders anticipate the Federal Reserve's cautious approach to rate cuts, following data indicating a stable U.S. economy and labor market, as reported by Reuters.

The yen was last traded at 157.98 per dollar, after reaching 158.425 on Tuesday, a level not seen since July when Tokyo intervened to bolster the yen.

Investor Focus and Economic Indicators

Investor attention in 2025 has been captivated by shifting U.S. rate expectations, the diverging policy paths between the U.S. and other economies, and the looming threat of tariffs with President-elect Donald Trump's upcoming inauguration on Jan. 20.

Recent data revealed an unexpected increase in U.S. job openings in November, coupled with a softening in hiring, suggesting a labor market slowdown that may not prompt immediate rate cuts by the Fed.

Following this data, benchmark 10-year Treasury yields reached 4.699%, the highest since April, and were last observed at 4.6768% during Asian trading hours.

The dollar index, which measures the U.S. currency against six major counterparts, stood at 108.65, close to the two-year high recorded last week.

Meanwhile, the euro fell approximately 0.5% overnight, trading at $1.0345 early in the Asian day, and sterling also dipped, fetching $1.2478.