Vietcombank Adjusts Dollar Selling Rate

Vietcombank has adjusted its selling rate for the US dollar, marking a 0.23% increase to VND25,800. This adjustment comes as the State Bank of Vietnam slightly lowered its reference rate by 0.008% to VND24,835. Meanwhile, unofficial exchange points reported a 0.15% decrease in the dollar's selling price to VND25,920.

Global Dollar Steadies Amid Trade War Fears

Globally, the dollar maintained a steady position on Tuesday following a challenging quarter. Investors are on edge, anticipating reciprocal tariffs from U.S. President Donald Trump later this week. The Australian dollar, in particular, is hovering near a four-week low as the market awaits the central bank's policy decision.

Investors Await Clarity on Trump's Trade Policies

The financial community's attention is sharply focused on the upcoming announcement of new reciprocal tariffs by the White House. With details still under wraps, President Trump's recent statements have only added to the uncertainty, suggesting that virtually all countries could face new duties. This has led to a subdued currency market, with traders adopting a wait-and-see approach.

Anthony Saglimbene, chief market strategist at Ameriprise Financial, commented on the situation, highlighting the potential for continued volatility and uncertainty in the markets due to the lack of clarity on the tariffs' targets and implications.