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Vietnam’s Gold Market Stumbles as Stronger Dollar Devalues Precious Metal

Gold prices in Vietnam experienced a downturn on Tuesday as the dollar gained strength, affecting the value of the precious metal in global markets. The Saigon Jewelry Company reported a 1.05% decrease in the price of gold bars, now valued at VND141.5 million (US$5,373.89) per tael. It should be noted that a tael is equivalent to 37.5 grams or 1.2 ounces.

The price of gold rings also plummeted, falling by 1.39% to VND142 million per tael. Thus far, this year has seen a 7.4% decrease in gold prices in Vietnam.

On the global stage, the value of gold also depreciated. The strength of the dollar played a significant role in this decline, as investors eagerly awaited cues from the Federal Reserve’s imminent policy decision regarding the future of interest rates. Spot gold saw a 0.7% decrease on Tuesday, falling to $4,044.81 per ounce. This came after a potential 1% rise on Monday. U.S. gold futures for August delivery also took a hit, dropping by 0.8% to $4,045.40.

The dollar’s value remained near a one-month high, making bullion priced in dollars less accessible for holders of other currencies. Ilya Spivak, head of global macro at finance content network Tastylive, commented on the situation saying, “We’re oscillating in this narrow range between $3,950 and $4,200, and I think the market is just waiting for Fed signals.”

Questions & Answers

What caused the decrease in gold prices in Vietnam?
The strengthening of the dollar put pressure on the precious metal on global markets, leading to a decrease in gold prices in Vietnam.

How much did the price of gold bars and gold rings decline?
Gold bars decreased by 1.05% to VND141.5 million (US$5,373.89) per tael, while gold rings declined by 1.39% to VND142 million per tael.

What is the current situation of gold prices on the global stage?
Gold prices have fallen worldwide, with spot gold decreasing by 0.7% to $4,044.81 per ounce. The rise of the dollar’s value is making dollar-priced bullion more expensive for holders of other currencies.

July 28, 2026
US Dollar Climbs Against Vietnamese Dong in Black Market Amid Global Uncertainties

The U.S. dollar saw an incremental increase against the Vietnamese dong in the unofficial market on Thursday morning. Independent exchange centers traded the U.S. dollar 0.19% higher, at VND26,380, while Vietcombank maintained its rate at VND26,500.

Global Currency Trends

Globally, the U.S. dollar stabilized largely on Thursday. The escalating U.S.-Iran tensions fostered a sense of uncertainty among investors, bolstering the demand for the U.S. dollar, a widely recognized safe-haven currency. Concurrently, the Japanese yen hovered around a 40-year low, with no imminent signs of recovery.

The dollar index, a metric that juxtaposes the U.S. dollar against a selection of currencies including the yen and the euro, slightly declined by 0.06%, settling at 101.05. The increasing geopolitical tensions between Washington and Tehran have triggered a rise in oil prices, intensifying inflation fears. This in turn has facilitated an appreciable gain for the greenback.

Meanwhile, the euro experienced a minor increase of 0.07%, closing at $1.1418. The European Central Bank (ECB) is scheduled for a meeting later on Thursday. It is expected that the ECB will maintain its interest rates, but will leave room for a potential rate hike in September. This anticipated move is in response to the recent surge in energy prices, which threatens to exert additional inflationary pressure.

Questions & Answers

What impact did the U.S.-Iran tensions have on the U.S. dollar?
The escalating tensions between the U.S. and Iran fostered investor uncertainty. This led to increased demand for the U.S. dollar, a well-known safe-haven currency.

What changes were observed in the euro and the Japanese yen?
The euro saw a slight increase of 0.07%, while the Japanese yen remained around a 40-year low with no clear signs of improvement.

What is the expected move of the European Central Bank in response to the recent surge in energy prices?
The European Central Bank is anticipated to maintain its current interest rates but may consider a rate hike in September to counter the potential inflationary pressure stemming from the recent surge in energy prices.

July 24, 2026
Expanding Horizons: Seven & I Eyes Multi-Billion Dollar Investment in Polish Retail Giant Zabka

Japanese retail giant Seven & I, proprietor of the international 7-Eleven chain, saw its share price increase by 3% on the Tokyo stock market this past Friday. This rise comes amidst discussions of the corporation’s potential acquisition of a share in Zabka Group, a prominent convenience store conglomerate in Poland.

According to reports, the prospective investment could amount to several hundred billion yen, equivalent to several billion US dollars. The deal would mark a significant expansion of the company’s operations into Eastern Europe, extending its current strongholds in Japan and North America. This move is part of the strategic growth plan implemented by Seven & I’s CEO, Stephen Dacus, who started his tenure last year.

Beyond Domestic Markets

Seven & I’s share price increase was a standout performance in a market experiencing turbulence due to falling semiconductor shares. Analyst Naoshi Matsumoto explains: “Defensive sectors centered on domestic demand are being bought.” Other Japanese retail stocks, such as Aeon, experienced a similar rise in share value. Meanwhile, Warsaw-listed Zabka Group, which operates over 13,000 stores in Poland and Romania, saw its share value surge by 11% following the news.

In 2021, Seven & I expanded its US presence by acquiring Speedway petrol stations. The company already operates outlets in three Nordic countries and has identified Europe as a significant area for future growth. However, the corporation has faced challenges in improving its performance following a standoff with Canadian rival, Alimentation Couche-Tard, which previously attempted a takeover.

A Strategic Approach

Seven & I has faced pressure from investors due to underwhelming returns and calls to focus on its core convenience store operations. In response, the company agreed to sell its supermarket business to Bain Capital last year. Further developments include discussions with SoftBank Corp and mobile payment operator PayPay about making significant investments in Seven & I. Bernstein analysts suggest this potential partnership could serve as a protective measure against future takeover attempts.

Questions & Answers

What prompted Seven & I’s recent share price increase?
The share price rose following news that the company is in talks to acquire a stake in the Polish convenience store operator, Zabka Group.

What plans does Seven & I have for future growth?
In addition to its potential acquisition of a stake in Zabka Group, Seven & I is reportedly viewing Europe as a significant growth area. The company is also considering investments from SoftBank Corp and mobile payment operator PayPay.

What challenges has Seven & I faced recently?
The company has been under pressure from investors due to lackluster returns. It has also faced calls to concentrate on its core convenience store business, leading to its decision to sell its supermarket business to Bain Capital last year.

July 20, 2026
US Dollar Stumbles Against Vietnamese Dong Amid Market Turbulence

In the unofficial trading market on Saturday morning, the U.S. dollar experienced a decline against the Vietnamese dong. The greenback was sold 0.04% lower at VND26,410 at these non-official trading spots. Meanwhile, Vietcombank, a significant financial player in the region, maintained its rate at VND26,490.

A Global Perspective on the Dollar’s Performance

Worldwide, the performance of the dollar on Friday was relatively stable, but it concluded the week on a lower note. This downtrend was attributable to the moderate U.S. inflation data which resulted in traders reducing their expectations of immediate rate hikes from the Federal Reserve.

Mounting tension between Iran and the U.S. became a crucial factor impacting the global economy. The recent week-long escalation has significantly undermined the peace agreement established last month. This development has incited investors to seek sanctuary in the dollar and has also contributed to the surge in oil prices to nearly one-month highs.

The plummeting of the tech-dominated global equity market and the ongoing disturbance to the traffic in the Strait of Hormuz have incited a rush to safety. Elias Haddad, the global head of markets strategy at Brown Brothers Harriman, mentioned this. He also noted the U.S. dollar had recouped some of its losses from this week and that global bond yields had marginally decreased.

Questions & Answers

What was the impact of the U.S. inflation data on the dollar?
The moderate U.S. inflation data led traders to reduce their bets on impending rate hikes from the Federal Reserve, which resulted in the dollar ending the week on a lower note.

What are the effects of the escalating tension between Iran and the U.S.?
The escalating tension between Iran and the U.S. has encouraged investors to seek refuge in the dollar and has also pushed oil prices to near one-month highs.

How did the tech-led global equity market’s performance affect the U.S. dollar?
The decline in the tech-led global equity market has triggered a flight to safety, helping the U.S. dollar to recover some of its losses from the week.

July 20, 2026
US Dollar Takes a Dip against Vietnamese Dong Amid Global Uncertainties

The performance of the United States dollar presented a mixed picture on Tuesday, as it dipped slightly against the Vietnamese dong while maintaining its position against other key currencies. The state-owned Vietcombank recorded a 0.04% reduction in the greenback’s value, with an exchange rate set at VND26,450. However, in contrast, the black market saw the US dollar appreciate by 0.11%, pegged at the same exchange rate.

Global Performance of the Dollar

In the wider international scene, the dollar remained relatively stable as markets anticipated the release of U.S. inflation data. Rising tensions in the Middle East provided a boost to oil prices which, in turn, had a knock-on effect on currency exchange rates. The Japanese yen traded in a cautious manner, due in part to potential interventions and recent comments made by policymakers regarding the allocation of state pension funds.

The dollar index, a tool used to compare the value of the greenback against a selection of international currencies such as the yen and euro, also recorded a slight decrease of 0.04%, resulting in a figure of 101.23.

Meanwhile, the euro showed a strengthening trend against the dollar, trading at a rate of $1.1388. The British pound also saw a minor gain of 0.07%, resulting in an exchange rate of $1.3355.

Questions & Answers

What was the exchange rate of the US dollar against the Vietnamese dong?
The state-owned Vietcombank listed an exchange rate of VND26,450 for the US dollar, showing a minor drop of 0.04%.

What influenced the performance of the Japanese yen?
The Japanese yen was affected by several factors, including potential interventions and recent policy-related comments on state pension fund allocations.

How did the euro and the British pound perform against the US dollar?
Both the euro and the British pound displayed a strengthening trend against the dollar. The euro traded at a rate of $1.1388, while the British pound gained 0.07%, resulting in an exchange rate of $1.3355.

July 15, 2026
US Dollar Takes a Dive Against Vietnamese Dong in Black Market Amid Global Weakness

Over the weekend, the U.S. dollar experienced a dip against the Vietnamese dong on the informal currency exchange market. The dollar was traded 0.34% lower at VND26,560 at unofficial exchange points, while Vietcombank maintained its rate at VND26,463.

Global Dollar Weakness

On the global stage, the U.S. dollar was on track for its most significant weekly loss in 12 weeks. This downturn resulted from a lukewarm U.S. employment report, which led to diminished market predictions for an imminent Federal Reserve interest rate increase. This development brought some relief to the Japanese yen.

The overall weakening of the dollar also boosted the euro, which reached $1.1440, following a nearly two-week high the previous day. The euro ended the week up by 0.5%. Simultaneously, the British pound solidified its position to $1.3352, marking a 1.1% weekly gain, its highest in almost three months.

Impact on other Currencies

The increased strength of the dollar also brought relief to the Japanese yen. The yen increased to less than 161 per dollar, a welcome shift after the sudden increase on Thursday, which took the currency from a 40-year low of 162.84 to 161.25. Despite this, market uncertainty surrounding potential intervention risks persisted.

The dollar’s decline came in response to slowed U.S. job growth in June. Further, the reduced payroll gains for the preceding two months triggered traders to scale back on predictions of a near-term Federal Reserve rate increase.

Questions & Answers

What triggered the U.S. dollar’s dip against the Vietnamese dong?
The dip was triggered by the overall weakening of the U.S. dollar on the global stage, which was a result of a lukewarm U.S. employment report diminishing market predictions for an immediate Federal Reserve interest rate increase.

How did the global dollar weakness impact the euro and the British pound?
The weakness of the U.S. dollar led to the strengthening of the euro, reaching $1.1440, and the solidifying of the British pound’s position at $1.3352.

What caused the shift in the strength of the Japanese yen?
The shift in the Japanese yen was due to the overall increase in the strength of the U.S. dollar, which took the yen from a 40-year low of 162.84 to less than 161 per dollar.

July 6, 2026
Vietnam’s Gold Prices Tumble to 8-Month Low Amid Rising Dollar and US-Iran Tensions

Gold prices in Vietnam continued on a downward trend on Wednesday morning, reaching the lowest point since October 5. The Saigon Jewelry Company reported that gold bars fell by 2.64%, now valued at VND140 million (US$5,318.74) per tael. In Vietnam, a tael is equivalent to 37.5 grams or 1.2 ounces.

The price of gold rings also experienced the same decline, priced at VND140 million per tael. So far this year, gold prices in Vietnam have decreased by 8%.

Global Gold Market Trends

On a global scale, gold fell by over 1% on Wednesday, plunging to an 11-week low. This drop in value could be attributed to the rising dollar and oil prices, amid renewed tensions between the United States and Iran. These factors fueled concerns about potential inflation and possible interest rate hikes.

Spot gold suffered a 1.8% loss, falling to $4,187.59 per ounce, the lowest it has been since March 23. Meanwhile, U.S. gold futures for August delivery were down 1.7% at $4,213.40.

The rise of the dollar has made bullion priced in the greenback more costly for holders of other currencies. Additionally, the 1% increase in oil prices stoked inflation worries, solidifying the expectation that interest rates would remain high for an extended period.

Ilya Spivak, head of global macro at Tastylive, noted that the shift in Federal Reserve policy expectations, the rise in yields, and the increase in the dollar have all contributed to the decline in gold prices.

Questions & Answers

Why have gold prices in Vietnam decreased?
The decline in gold prices in Vietnam is part of a global trend, influenced by factors such as the rising dollar and oil prices, as well as geopolitical tensions.

What factors are influencing global gold prices?
Global gold prices are being affected by policy expectations from the Federal Reserve, rising yields, and the strengthening of the dollar. Inflation worries and anticipated interest rate hikes also play a significant role.

How is the rise in oil prices related to gold prices?
The increase in oil prices can stoke inflation concerns. When inflation is expected to rise, interest rates typically follow suit. Higher interest rates can negatively impact gold prices because they increase the opportunity cost of holding non-yielding bullion.

June 10, 2026
Dollar Scales Two-Month High Against Dong amid Federal Reserve Rate Hike Speculations

On Tuesday morning, the U.S. dollar witnessed a slight increase in value against the Vietnamese dong, maintaining a position close to its two-month peak in comparison to other major currencies. The commercial bank Vietcombank recorded a 0.004% rise in the U.S. currency, selling it at VND26,408. Conversely, the black market saw a 0.04% decrease, with the dollar going for VND26,360.

Global Performance of the U.S. Dollar

In the international currency market, the U.S. dollar remained strong and close to a two-month high on Tuesday. The stability of the dollar can be attributed to the uncertainty in the Middle East which has led to a reduced risk appetite among traders. Furthermore, speculations about a potential rate hike by the Federal Reserve later in the year have also played a role.

Among other major currencies, the euro was valued at $1.1528 while the sterling was valued at $1.3335. Both currencies had experienced a decline of approximately 0.05% in the Asian market after reaching their lowest value in two months during the previous trading session.

The risk-sensitive currencies such as the Australian dollar and the New Zealand dollar were not spared. The Australian dollar depreciated by 0.1% to $0.7039, while the New Zealand dollar was traded at $0.5804.

The Japanese yen was also affected, weakening to as much as 160.295. It continued to hover around the 160 level, a mark recognized as the threshold for possible official intervention.

Performance of the Dollar Index

The dollar index, reflecting the performance of the U.S. dollar against a basket of currencies such as the yen and the euro, remained nearly unchanged. The index was recorded at 100.03, extremely close to its two-month high of 100.21 from the previous day.

Questions & Answers

What was the value of the U.S. dollar against the Vietnamese dong on Tuesday morning?
The U.S. dollar was valued slightly higher against the Vietnamese dong, selling at VND26,408 in Vietcombank.

Why has the U.S. dollar held near a two-month high globally?
The strength of the U.S. dollar can be attributed to the prevailing uncertainty in the Middle East, reducing risk appetite among traders. Additionally, speculations of a Federal Reserve rate hike later in the year have contributed to the dollar’s high standing.

How did other major currencies perform against the U.S. dollar?
The euro and sterling both experienced a decline of around 0.05%. The Australian dollar depreciated by 0.1% while the New Zealand dollar traded at $0.5804. The Japanese yen also weakened, hovering around the 160 level.

June 10, 2026
US Dollar Tumbles Against Vietnamese Dong Amid Global Currency Shuffles

On Wednesday morning, the U.S. dollar experienced a decrease in value against the Vietnamese dong, while also falling against other major currencies. The greenback was sold by Vietcombank at VND26,393, marking a minimal decrease of 0.004% from its value on Tuesday. However, on the black market, the currency experienced a slight increase of 0.12%, reaching a rate of around VND26,502.

Global Currency Fluctuations

Worldwide, the U.S. dollar managed to maintain the gains it accrued on Tuesday. This followed Iran’s announcement that the U.S. had breached a ceasefire agreement. The dollar index, a measurement of the dollar’s value against six other currencies including the yen, remained relatively stable on Wednesday at 99.11. This comes after the index saw an increase of 0.15% in the previous trading session.

In terms of other currencies, the Euro saw a slight increase in its value against the U.S. dollar to $1.1637. The Australian dollar, however, saw a decrease of 0.09% to $0.7160, reversing earlier gains. Additionally, New Zealand’s dollar saw a substantial increase of 0.6%, taking its value to $0.5873 against the U.S. dollar.

The Japanese yen saw a minor increase in its value to 159.28 per U.S. dollar. However, it remained near the 160 level, a threshold that many market participants consider to be a warning sign for intervention in order to support it.

Questions & Answers

What has been the recent trend in the value of the U.S. dollar against the Vietnamese dong?
On Wednesday, the U.S. dollar experienced a marginal decrease in value against the Vietnamese dong, with Vietcombank selling the greenback at VND26,393, a 0.004% dip from Tuesday.

What happened to the U.S. dollar’s value on a global scale?
Globally, the U.S. dollar was able to maintain its gains from Tuesday following Iran’s announcement of a U.S. ceasefire violation.

How did other major currencies perform against the U.S. dollar?
While the Euro and New Zealand’s dollar saw increases in their value against the U.S. dollar, the Australian dollar experienced a decrease. The Japanese yen saw a slight increase but stayed near a level that causes concern for many market participants.

May 28, 2026
Dollar Gains Momentum Against Dong Amid Rising Global Tensions and Strong US Jobs Data

The U.S. dollar started the week on a strong note, gaining against the Vietnamese dong as well as several other major global currencies. Vietcombank, one of Vietnam’s leading banks, experienced an increase in the value of the dollar, selling it at 26,373 VND, a 0.02% rise from its previous weekend rate. The currency also saw a significant increase in the black market, where it rose by 0.18% to around 26,569 VND.

Global Market Trends

The strengthening of the U.S. dollar was not limited to Vietnam but was observed globally, thanks to strong U.S. employment data released the week prior. This, coupled with the precarious U.S.-Iran ceasefire, increased the demand for the dollar as a safe-haven currency.

In the early Asia trade on Monday, the dollar index, which gauges the strength of the U.S. dollar against a basket of six major currencies, was trading at 98.001. Other major currencies saw a slight decrease in their value against the U.S. dollar. The euro dropped 0.2%, trading at $1.1767, while the yen and the British pound slipped 0.1% and 0.3% to trade at 156.905 yen per dollar and $1.3597 respectively.

Risk-sensitive currencies like the Australian dollar and its New Zealand counterpart, also known as the kiwi dollar, experienced a dip as well, falling by 0.2% and 0.3% to $0.7234 and $0.5948 respectively.

This trend was seen amid growing geopolitical tensions, with U.S. President Donald Trump rejecting Iran’s response to a U.S. peace talk proposal. This has cast a shadow over the possibility of a swift end to the ongoing 10-week conflict.

Questions & Answers

What contributed to the strengthening of the U.S. dollar?
The U.S. dollar’s strength was bolstered by strong employment data from the U.S. and the increasing demand for the dollar as a safe-haven currency due to the uncertain U.S.-Iran ceasefire.

How did other major global currencies perform against the U.S. dollar?
Several global currencies saw a slight decrease in their value against the U.S. dollar. The euro dropped 0.2%, the yen and the British pound slipped 0.1% and 0.3% respectively. The Australian and New Zealand dollars also fell by 0.2% and 0.3%.

What are the implications of U.S. President Donald Trump rejecting Iran’s response to a U.S. peace talk proposal?
The rejection has heightened geopolitical tensions and created uncertainty in global financial markets, thereby increasing the demand for the U.S. dollar as a safe-haven asset.

May 12, 2026
US Dollar Grows Stronger Against Vietnamese Dong Amid Global Currency Shifts

The U.S. dollar started Wednesday on a stronger note against the Vietnamese dong while simultaneously displaying a slight weakness against other major global currencies. The greenback was traded at VND26,368 by Vietcombank, marking an increase of 0.008% from the previous day. Meanwhile, on the black market, the currency experienced a minor drop of 0.09%, bringing it down to approximately VND26,644.

Vietnam’s Position and Global Market Movements

The State Bank of Vietnam reacted by increasing its reference rate by 0.008% to VND25,113. Internationally, the dollar seemed to step back against most of the other major currencies, mostly due to the anticipation of a possible agreement with Iran by the United States. Concurrently, the yen demonstrated a consistent weakening trend, inching closer to the point where Tokyo once had to intervene.

The dollar index, a measurement of the greenback’s standing relative to a combination of six currencies, fell slightly by 0.01%, rounding off to 98.299.

Performance against Other Currencies

The euro and sterling both showed approximately 0.2% growth over the course of the day, trading at $1.1714 and $1.35685 respectively. The Australian dollar also showed an upward trend, fetching $0.7208, which accounted for an increase of nearly 0.4% in early trading. Similarly, the New Zealand dollar saw an increase of 0.3%, making it trade at $0.5905.

In the case of the yen, the dollar was traded at 157.62 yen. Despite the ongoing fall in oil prices, this was still substantially higher than last week’s intervention low, marking a decrease of 0.17% from U.S. levels.

Questions & Answers

What was the trading value of the U.S. dollar against the Vietnamese dong?
The value of the U.S. dollar against the Vietnamese dong was VND26,368.

How did the euro and sterling perform against the U.S. dollar?
Both the euro and sterling displayed an increase of approximately 0.2% against the U.S. dollar.

What was the change in the dollar index?
The dollar index, which measures the U.S. dollar’s strength against six other major currencies, fell slightly by 0.01%.

May 6, 2026
U.S. Dollar Flexes Strength Against Vietnamese Dong Amid Global Tensions and Anticipation Over Federal Reserve Decision

On Wednesday, the U.S. dollar experienced an increase against the Vietnamese dong while maintaining its strength against major global currencies. The Vietnamese commercial bank, Vietcombank, ended up selling the U.S. dollar at VND26,368, marking a 0.008% increase from the previous day. Simultaneously, the dollar posted a 0.27% gain in the black market, where it traded around VND26,737.

The State Bank of Vietnam’s Role

In response to these fluctuations, the State Bank of Vietnam raised its reference rate by 0.008% to VND25,113.

Global Dollar Performance

Internationally, the dollar strengthened on Wednesday. This shift was in anticipation of an important rate decision by the Federal Reserve. It’s worth noting that this decision was expected to be the last major action under the leadership of Chair Jerome Powell. This decision coincided with ongoing conflict in the Middle East and diminishing optimism for a swift resolution.

The Impact of Geo-Political Situations

Efforts to cease the conflict in Iran hit a stalemate, evoking dissatisfaction from U.S. President Donald Trump. His contention is primarily with Tehran’s recent proposal which, in his view, should have addressed nuclear issues from the beginning. This situation made market sentiments volatile, leading to the dollar being positioned as a safe haven.

Asian currency markets exhibited modest variations due to the public holiday in Japan and impending decisions from several key central banks.

Performance against Other Currencies

The U.S. dollar saw a modest overnight gain against a basket of currencies, steadying at 98.57. The Canadian dollar showed a slight uptick to C$1.3676, while the Japanese currency didn’t show significant changes, resting at 159.55.

Regarding the euro and sterling, both marginally retreated from their highs earlier this month, with the former trading at $1.1716 and the latter at $1.3523. On the other hand, the Australian dollar remained close to a four-year peak, trading at $0.7187. The New Zealand dollar also experienced a slight appreciation of 0.05% to $0.5888.

Questions & Answers

How did the U.S. dollar perform against the Vietnamese dong?
The U.S. dollar increased against the Vietnamese dong, with Vietcombank selling it at VND26,368, marking a 0.008% rise from the previous day.

What external factors influenced the strength of the U.S. dollar?
Global factors such as the Federal Reserve’s rate decision and geopolitical tensions in the Middle East, particularly the unresolved conflict in Iran, contributed to the dollar’s strength.

How did major global currencies fare against the U.S. dollar?
The Canadian dollar and the New Zealand dollar showed slight appreciation, while the euro, sterling, and the Japanese currency remained largely unchanged. The Australian dollar stayed near its four-year high.

April 30, 2026
U.S. Dollar Rises Against Vietnamese Dong Amid Global Currency Fluctuations

On Friday, the United States dollar showed an increase against the Vietnamese dong, even though it was headed for a weekly depreciation against other major currencies. Vietcombank reported a slight increase of 0.01% in its selling rate of the US dollar, which was pegged at VND26,360. At the same time, the currency noted a 0.08% rise on the black market, reaching approximately VND26,876.

Adjustments by the State Bank of Vietnam

The Vietnamese central bank, State Bank of Vietnam, made an upward adjustment to its reference rate, increasing it by 0.01% to VND25,105.

Global Currency Dynamics

Internationally, the US dollar was looking at potentially its most significant weekly decline since January. This trend emerged as other currencies capitalized on the hopeful sentiment that a ceasefire in the Gulf would persist and oil shipping would be resumed.

The US dollar index, which measures the greenback’s strength against a basket of other currencies, has depreciated by 1.3% over the current week. The euro, in contrast, has experienced a rally, piercing its 200-day moving average this week to reach a trading level of $1.1690.

Sterling, the British currency, has also witnessed a significant jump, with an increase of 1.8% this week, pushing it above its 200-day moving average to a trading rate of $1.3424.

Even the risk-sensitive currencies of Australia and New Zealand have charted weekly rises of close to 3% against the US dollar. The Australian dollar is trading just above 70 cents, while the New Zealand dollar currently stands at $0.5847.

Furthermore, the Japanese yen, which has been under substantial pressure due to Japan’s low interest rates, government spending plans, and reliance on imported oil, is marginally above the recent lows at 159.2 to the US dollar.

Geopolitical Developments and Currency Impact

Thursday saw the arrival of Iranian officials in Islamabad, with a US delegation led by Vice President JD Vance following suit on Friday. The aim of these meetings is to fuel investor optimism regarding the establishment of lasting peace.

Jason Wong, a senior strategist at BNZ based in Wellington, stated that positive discussions could lead to further depreciation of the US dollar. However, if discussions do not progress well and the current scarcity of ships persists, the situation could reverse rapidly.

Questions & Answers

What was the selling rate of the US dollar against the Vietnamese dong on Friday?
The selling rate of the US dollar against the Vietnamese dong on Friday was VND26,360.

What is the expected trend of the US dollar against major currencies for the week?
The US dollar is expected to witness a weekly depreciation against major currencies.

What has been the impact of geopolitical developments on the US dollar’s performance?
Positive geopolitical developments, such as peace talks, can lead to a depreciation of the US dollar. However, negative outcomes could potentially reverse this trend.

April 13, 2026
U.S. Dollar Slightly Slips Against Vietnamese Dong Amid Global Market Uncertainties

On Monday, the U.S. dollar experienced a slight decrease in value against the Vietnamese dong while maintaining stability against other significant currencies. Vietnam-based bank Vietcombank quoted the U.S. dollar at 26,344 VND, marking a negligible decline of 0.004% from its weekend rate. Concurrently, the unofficial or “black market” rate of the currency experienced a 0.18% drop, bringing it to approximately 27,350 VND.

Exchange Rates and Global Outlook

For the day, the State Bank of Vietnam raised its reference rate marginally by 0.02% to 25,090 VND. Internationally, the U.S. dollar held steady on Monday, while the Japanese yen approached the important 160 per dollar threshold. This occurred as investors cautiously assessed the heightening tensions surrounding the Iran conflict and awaited the upcoming deadline set by U.S. President Donald Trump to reopen the Strait of Hormuz.

Charu Chanana, chief investment strategist at Saxo in Singapore, commented on this trend, noting: “Investors are interpreting this as an oil-to-inflation-to-rates issue, which is why the dollar remains the most reliable haven currently, whereas gold, bonds, and yen have all seemed considerably less dependable than in a typical geopolitical scare”.

Market Conditions and Currency Performance

With major markets across Asia and Europe closed due to a holiday on Monday, trading liquidity was expected to be thin. However, a general risk aversion sentiment was observed at the start of the week.

The dollar index, a measure of U.S. currency strength against six other leading currencies, stood at 100.2. Meanwhile, the Euro depreciated by 0.13% to reach $1.151 in early trading, and the British pound sterling traded at $1.3187.

The Australian dollar improved by 0.13% at $0.6893, wobbling near its two-month low from the previous week. The Japanese yen weakened to 159.77 per U.S. dollar, closely trailing last week’s 21-month low.

Questions & Answers

What was the exchange rate of the U.S. dollar to the Vietnamese dong on Monday?
The U.S. dollar was trading at 26,344 VND according to Vietcombank rates, while the black market rate was approximately 27,350 VND.

How was the performance of the U.S. dollar against other major currencies?
The U.S. dollar largely maintained stability against other major currencies. It held steady levels internationally while the Japanese yen approached the important 160 per dollar threshold.

What impact did the escalating Iran conflict have on the currency market?
The increasing tensions surrounding the Iran war resulted in cautious investor behavior. This led to the U.S. dollar being viewed as the most reliable haven currency, compared to less dependable options such as gold, bonds, and yen in this geopolitical situation.

April 7, 2026
Vietnam Gold Prices Succumb to Global Decline Amid Strong Dollar and Stout Job Reports

On Monday, the price of gold in Vietnam experienced a decline, mirroring a drop in global bullion rates. This downward trend was seen when the Saigon Jewelry Company lowered the price of its gold bars by 0.8%, or to VND173.1 million (US$6,571.64) per tael. This adjustment has prompted other sellers to revise their rates in alignment. Currently, local bullion prices are approximately VND25 million per tael higher than international rates.

Decline in Gold Ring Prices

The price of gold rings also decreased, sliding to VND172.9 million per tael. It should be noted that a tael is approximately 37.5 grams or 1.2 ounces.

Global Gold Price Trends

On a global scale, gold prices also fell on Monday. This decrease was influenced by a stronger dollar, the continued impact of the Iran war on oil prices, and stronger-than-expected U.S. jobs data. These factors lowered expectations for interest rate cuts by the Federal Reserve.

Spot gold reduced by 0.9%, falling to $4,631.69 per ounce. Additionally, U.S. gold futures for April delivery saw a loss of 0.5%, dropping to $4,657.50 per ounce. This trading activity took place in thin liquidity conditions, with many markets in Asia and Europe closed for a holiday.

“The latest robust NFP (nonfarm payrolls) print has reinforced hawkish central bank nerves. In addition, the ongoing fear of inflation driven by high oil prices continues to overshadow gold’s traditional role as a safe haven,” stated Tim Waterer, chief market analyst at KCM Trade.

Historically, gold has been considered a protection against inflation. However, increased interest rates tend to reduce demand for this non-yielding asset.

Questions & Answers

What factors contributed to the fall in gold prices?
The decline in gold prices was influenced by a stronger dollar, the ongoing Iran war’s effect on oil prices, and stronger-than-expected U.S. jobs data. These factors reduced expectations for interest rate cuts by the Federal Reserve.

How did the price change affect the trading of gold?
The decrease in gold prices led to a reduction in the trading of spot gold and U.S. gold futures for April delivery. Both saw declines in their respective rates.

What is the traditional role of gold in the economy?
Traditionally, gold is seen as a hedge against inflation. However, in situations of elevated interest rates, the demand for this non-yielding asset tends to decrease.

April 7, 2026