Dollar rises against dong – VnExpress International

Vietcombank sold the dollar at VND25,559, up 0.03% from Tuesday.

The dollar fell 0.19% to 25,800 VND on the black market.

The State Bank of Vietnam raised its reference rate by 0.03% to VND 24,342.

Globally, the US dollar started 2025 on a strong note on Thursday after a strong year of gains against most currencies, with the yen sliding towards its lowest level in more than five months as investors consider rates US interest rates will remain high for longer. Reuters reported.

The dollar index, which measures the U.S. currency against six other currencies, was at 108.53 in early trading, just shy of a two-year high hit on Tuesday. The index is up 7% in 2024.

The yen fell more than 10% in its fourth year of decline. It was weaker on the first trading day of 2025 at 157.54 per dollar, not far from the five-month low hit on Tuesday, keeping traders cautious about intervention by Japanese authorities.

The euro was steady at $1.0353 after falling more than 6% in 2024. The pound was last sold at $1.2519. It fell 1.7% last year, but was still the best-performing G10 currency against the dollar, mainly because the British economy held up better than expected.

At the beginning of the year, the market’s attention will focus on the incoming Trump administration and its policies that are expected to not only boost growth but also increase pressure on prices, propping up US Treasury yields. and driving demand for dollars.