U.S. dollar bills. Photo by Reuters

Exchange Rate Fluctuations

Black Market:
- The US dollar declined slightly by 0.08% against the Vietnamese dong, reaching VND25,680 at unofficial exchange points.
Commercial Banks:
- The price was kept unchanged with Vietcombank selling at VND25,453.
State Bank of Vietnam (SBV) Reference Rate:
- The reference rate stood at VND24,245.

Annual Performance Overview

The dollar paused at its most depressed value seen within the eight weeks worldwide as markets waited for a U.S. employment report that might determine when the Federal Reserve cuts interest rates.
The euro held steady at $1.0889 after rising 0.2% in the prior session, following a rate cut by the European Central Bank (ECB) of one quarter point and marking the start of their easing program.
The dollar was slightly stronger at 155.85 yen, however, it was poised to end the week down almost 1%.
The U.S. dollar index—which measures the dollar against the euro and five other major currencies—stood at 104.13 without much change from this week’s low of 103.99; it is the first time since April 9 that it had fallen below the key psychological level of 104.
The index was forecasted to decrease 0.5% for the week due to weaker macroeconomic data which reignited talks on two possible quarter-point Federal Reserve rate cuts this year.

The U.S. dollar displayed mixed performance—falling against the Vietnamese dong in black market dealings but holding steady in official bank transactions.
Two main factors that could affect future rates:
- Global economy.
- Next month's report on American employment.

Stakeholders are advised to continuously watch economic indicators in addition to exchange rates for their decision-making.
Stay tuned for more updates, particularly on decisions made by the Federal Reserve and trends in the global economy, as new data comes out.