Recent Trends in Currency Exchange

Vietcombank reported selling the greenback at VND25,825, marking a 0.25% increase from the previous weekend. Meanwhile, on the black market, the currency experienced a slight decline of 0.04% to VND25,900.

State Bank of Vietnam Adjusts Reference Rate

The State Bank of Vietnam has adjusted its reference rate upwards by 0.07% to VND24,831, signaling subtle shifts in the currency's valuation.

Global Dollar Performance

Globally, the dollar hovered just below a three-week high against major currencies as traders awaited further details on U.S. President Donald Trump's upcoming tariff announcements, according to Reuters.

The U.S. dollar index remained steady at 104.03, following a peak at 104.22 last Friday, its highest since March 7. This marks the index's first weekly gain this month, rising by 0.4%.

Market Reactions and Currency Movements

Concerns over Trump's trade policies have pressured the dollar, with fears that aggressive measures could spur a recession. In contrast, the euro saw a modest rise after three days of declines, and the yen weakened slightly against the dollar, influenced by rising U.S. Treasury yields.

Specific movements included the dollar gaining 0.3% against the yen to 149.77, and the euro advancing 0.24% to $1.0836, recovering from a near three-week low. Sterling also rose by 0.15% to $1.2934.

Upcoming Tariff Announcements

Attention now turns to April 2, when the White House is expected to announce reciprocal tariffs on various countries, potentially impacting global currency markets further.