Vietcombank sold the greenback at VND26,451, up 0.01% from Tuesday. On the black market, the currency rose 0.13% to VND26,645.
The State Bank of Vietnam’s reference rate increased by 0.01% to VND25,192.
Globally, the U.S. dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday, as investors sought shelter from a tech stock selloff and prepared for rate hikes from the Federal Reserve, Reuters reported.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, climbed to a high of 101.51, the strongest level since May 2025.
The euro last traded at $1.1363, near a one-year low. The British pound weakened slightly to $1.3194.
The Japanese yen last traded at 161.55, struggling to regain ground as the greenback’s strength persisted. A break above 161.96 would leave the yen at its weakest level since 1986.
“The momentum is on its (the U.S. dollar) side at the moment, but I think there is a lot priced in,” said Ray Attrill, head of FX strategy at National Australia Bank. “We’ll have to see a correction in risk sentiment, one that’s broader rather than just the tech sector, or the market further ratcheting up its expectations for hikes, before the dollar can go very much higher from here.”
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