Vietcombank's Dollar Sales Surge

In a recent development, Vietcombank has increased the selling price of the dollar to VND25,740, marking a 0.04% rise from Wednesday. This adjustment reflects the ongoing fluctuations in the currency market.

State Bank of Vietnam Adjusts Reference Rate

The State Bank of Vietnam has made a slight adjustment to its reference rate, increasing it by 0.07% to VND24,807. This move is indicative of the central bank's response to the current economic climate.

Unofficial Exchange Points See Increase

At unofficial exchange points, the dollar was sold at VND25,940, showing a 0.39% increase. This highlights the varying rates across different platforms and the dynamic nature of currency trading.

Global Dollar Trends

Globally, the dollar experienced a softening on Thursday following the Federal Reserve's hint at potential interest rate cuts later in the year. Despite the uncertainty surrounding U.S. tariffs, the pound reached a four-month high in anticipation of the Bank of England's policy decision, as reported by Reuters.

The dollar index, which measures the U.S. currency against six rivals, remained steady at 103.41 in early trading but stayed near the five-month low recorded earlier in the week. Meanwhile, the euro maintained its steadiness at $1.09085.

The yen showed a slight strengthening at 148.36 per dollar, a day after the Bank of Japan maintained its rates and cautioned about increasing global economic uncertainty. This suggests that the timing of further rate hikes will largely depend on the impact of U.S. tariffs.