Vietcombank's Dollar Sales Increase

Vietcombank has adjusted its selling price for the US dollar to VND25,563, marking a slight increase of 0.01% from the previous day. This adjustment reflects the ongoing fluctuations in the currency market.

State Bank of Vietnam Adjusts Reference Rate

In response to the market dynamics, the State Bank of Vietnam has increased its reference rate by 0.01% to VND24,346. This move is part of the central bank's efforts to stabilize the currency market.

Black Market Dollar Sales Decline

On the black market, the dollar was sold at VND25,750, experiencing a slight decrease of 0.19%. Despite this, the dollar has seen an overall increase of 0.05% against the dong since the start of the month.

Global Dollar Strength

Globally, the US dollar remains strong, hovering near its highest levels in over two years. This strength comes as traders adjust their expectations for US rate cuts in 2025, following robust economic data. Additionally, concerns over Britain's fiscal health continue to impact the sterling, keeping it under pressure.

Impact of US Presidential Transition

With President-elect Donald Trump preparing to return to the White House, attention is focused on his policies, which are anticipated to spur economic growth but may also increase inflationary pressures.

Dollar Index Performance

The dollar index, which compares the US currency against a basket of six others, rose by 0.16% to 109.59. This level is close to the 26-month high of 110.17 reached on Monday.