The American currency increased slightly compared to the Vietnamese đồng in the unofficial market early Thursday.
unofficial currency exchanges priced the dollar at 0.15% more, reaching VND26,400. Vietcombank maintained its rate steady at VND26,410.
The U.S. dollar experienced fluctuations on Thursday due to fresh American military actions in the Middle East, which affected market confidence. Additionally, a rise in May’s U.S. consumer inflation to a three-year peak left investors concerned about the Federal Reserve's approach to monetary policy. Reuters reported.
This week, the foreign exchange market has remained calm, with traders considering the unstable truce in the Middle East alongside an ongoing series of retaliatory attacks between the United States and Iran, which has weakened expectations for a short-term resolution.
The euro reached $1.1553, moving slightly away from the 10-week low it recorded last week, although it has lost much of its increase following an agreement for a truce at the beginning of April. Attention will focus on the European Central Bank’s monetary policy meeting later today as it appears set to increase interest rates to address rising prices.
Sterling stood at £1.33905. The dollar index, used to gauge the U.S. currency versus six key rivals, dropped to 99.903 following reports from U.S. forces stating they have finished attacks on several locations in Iran.
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