Recent Developments in Currency Exchange Rates

Vietcombank has reported selling the greenback at VND26,174, marking a 0.13% increase from the previous Wednesday. This adjustment reflects the ongoing volatility in the currency markets.

Central Bank Adjustments and Market Reactions

The State Bank of Vietnam responded by increasing its reference rate by 0.12% to VND24,928. Meanwhile, on the black market, the dollar experienced a slight decline, being sold at VND26,450, down by 0.11%.

Year-to-Dollar Performance Against the Dong

Since the beginning of the year, the dollar has appreciated against the dong by 2.44%, showcasing its strength in the face of global economic uncertainties.

Global Dollar Dynamics

Globally, the dollar paused its rally on Thursday after a significant rebound. This shift followed President Donald Trump's decision to step back from threats against Federal Reserve chair Jerome Powell and a potential softening on China tariffs. The dollar, which had dipped below 140 yen earlier in the week, recovered to 143.25 yen by Thursday.

Expert Insights on Currency Trends

ING currency strategist Francesco Pesole noted, "While the balance of risks leans towards a weaker USD in the near term, we anticipate a more balanced movement rather than the recent one-sided dollar selling." He also highlighted the potential for the EUR/USD to rise above $1.15 if concerns over the Fed's independence resurface.