Market

Dollar's Slight Decline on the Black Market: A Closer Look at Vietnam's Exchange Rates

Unofficial Exchange Points See a Dip

Unofficial exchange points reported a slight decrease in the dollar's value, selling it at VND25,755, which is 0.17% lower than the previous Friday.

Stable Rates at Vietcombank

Vietcombank maintained its exchange rate at VND25,558, showing no changes from the last update.

State Bank of Vietnam's Steady Reference Rate

The State Bank of Vietnam's reference rate remained constant at VND24,341, indicating a stable economic environment.

Global Dollar Rally

On a global scale, the U.S. dollar experienced a rally following positive job creation data in the U.S., suggesting a potential pause in the Federal Reserve's rate-cutting cycle. This was further supported by a report indicating a jump in U.S. consumer inflation expectations for the coming year.

The dollar reached its highest value against the yen since July, before slightly decreasing. It was last recorded at a 0.1% decrease, standing at 157.845 yen.