The US dollar maintained its gains against the reference rate, while the Japanese yen remained under downward pressure. Markets are focused on the possibility of intervention by Japan, and dollar rates at several banks have also been reported.
This morning, the State Bank of Vietnam's reference exchange rate was 1 USD = 25,635 Vietnamese dong, down 5 dong from the previous day. With a fluctuation band of ±5%, the upper limit was 1 USD = 26,917 dong and the lower limit was 24,353 dong. The central exchange rate edged higher, while many banks quoted dollar bid-ask rates in the range of 25,830 to 26,210 dong. Vietcombank, MB (BIDV), Agribank and TPBank all quoted rates in the range of 25,830 to 26,210–211 dong, with movements in both buying and selling rates compared with the previous day.
The US Dollar Index rose 0.1% to 100.49, maintaining its gains from last week. The euro fell 0.1% to 1.1456 dollars per euro, while the British pound edged down to trade at around 1.3364 dollars.
Meanwhile, the yen fell 0.33% to around 157.69 yen per dollar, marking its third consecutive day of declines. Attention is also focused on reduced liquidity due to a public holiday in Japan and the possibility of measures to support the yen.
Concerns about intervention have intensified following reports that the Bank of Japan is conducting inspections of commercial banks. The BOJ raised its policy rate by 25 basis points to 1.25% at last week's monetary policy meeting, but the yen's decline has continued.
In the foreign exchange market, the Australian dollar remained stable at around 0.7123 dollars per US dollar, while the New Zealand dollar rose to 0.5735 dollars per US dollar. Markets continue to focus on crude oil prices and central bank monetary policy signals.