At Vietcombank, the greenback rose 0.19% from Tuesday to VND26,141, its highest since April 9, when it hit a historic peak of VND26,182. The currency went up 0.17% to VND26,498 on the black market.
The State Bank of Vietnam hiked its reference rate by 0.08% to VND24,897.
Globally, the U.S. dollar rose sharply and then steadied on Wednesday as President Donald Trump backed away from threats of firing Federal Reserve Chair Jerome Powell in a relief to investors while optimism around trade deals lifted beaten down sentiment, Reuters reported.
The dollar rose more than 1% against the yen to 143.21 in early trading and was last slightly stronger at 141.77.
Against the Swiss franc, the dollar was last 0.29% stronger at 0.8216, having jumped more than 1% earlier in the session. The euro stood at $1.14, while sterling eased 0.17% at $1.3311.
The dollar had been trading near multi-year lows versus the euro and the Swiss franc on Tuesday, while the yen hit a seven month high as investors dumped U.S. assets, worried by trade tensions and Trump’s attacks on the Fed.
The dollar index, which measures the U.S. currency against six other units, was 0.4% lower at 99.165 after jumping 1.5% in the previous session.
“Trade is the bigger story here – as how tariffs play out will dictate where the U.S. economy, and therefore U.S. interest rates, are headed,” said Matt Simpson, senior market analyst at City Index.
“The dollar has been showing tentative signs of a trough since last week, but if [U.S. Treasury Secretary] Bessent is correct in thinking that trade tensions are to recede, it could prompt prove to be the trigger that dollar bulls were looking for,” Simpson said.
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Dollar rises to 2-week high against dong – VnExpress International
