Dollar's Unexpected Leap Against Dong

In a surprising turn of events, the greenback experienced a significant 0.27% increase, reaching VND25,910 at unofficial exchange points. Meanwhile, Vietcombank maintained its selling rate at VND25,710, unchanged from the previous day.

Global Currency Movements

The State Bank of Vietnam slightly adjusted its reference rate down by 0.01% to VND24,790. On the global stage, the yen exhibited volatility following the Bank of Japan's decision to keep interest rates steady. The dollar's struggle for recovery was evident ahead of the Federal Reserve's policy announcement, with the yen ultimately stabilizing at 149.31 per dollar.

The euro reached a five-month peak at $1.0955, buoyed by optimism over Germany's potential to stimulate economic growth and enhance military spending for European defense. Sterling remained strong, nearly matching its four-month high at $1.3001.

Despite these fluctuations, the dollar index remained stagnant at 103.27, close to its five-month low of 103.19, reflecting a nearly 4% decline for the month amidst concerns over U.S. economic instability and unpredictable tariff policies.