Recent Exchange Rate Movements

Vietcombank has reported an increase in the selling price of the U.S. dollar to VND25,554, marking a 0.03% rise from the previous day. This adjustment reflects the ongoing fluctuations in the currency market.

Official Rates and Market Trends

The State Bank of Vietnam has also adjusted its reference rate upwards by 0.03% to VND24,338. Meanwhile, the black market saw a slight decrease in the dollar's selling price to 25,755, down by 0.17%.

Global Currency Shifts

On a global scale, the U.S. dollar has been gaining strength, supported by rising Treasury yields. This has put pressure on other major currencies, including the yen, sterling, and euro, which are hovering near multi-month lows amidst tariff uncertainties.

The euro has slightly weakened to $1.03095, remaining close to a two-year low. Investors are concerned about the potential for the euro to fall to the $1 mark this year. Similarly, the pound remained steady at $1.2353 in early Asian trading, following a recent dip to its weakest since April.

Dollar Index Performance

The dollar index, which measures the U.S. currency against a basket of six others, stood at 109.03, just below the two-year high it reached last week. The index saw a 7% increase last year as traders adjusted their expectations regarding the pace of U.S. rate cuts.