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Vietcombank sold the greenback at VND26,170, down 0.04% from Tuesday. On the black market, the currency rose 0.35% to around VND26,140.
The State Bank of Vietnam reduced its reference rate by 0.03% to VND25,638.
Globally, the US dollar remained under pressure on Wednesday after stress in European bond markets abated and as eyes turned to the release of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike, Reuters reported.
The dollar index, which measures the greenback against a basket of currencies, rose 0.03% to 101.94, following a 0.27% slide in the prior session.
The Japanese yen weakened 0.19% against the greenback to 158.43 per dollar. Sterling dipped 0.08% to $1.3262. The euro eased 0.08% to $1.1249.
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U.S. dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters |
Expectations for a Fed rate hike later this month have retreated but markets are still anticipating more increases later in the year and next year.
"With little forward guidance from Chair (Kevin) Warsh, markets have reacted sharply to each US data release and policymaker speech," Commonwealth Bank of Australia currency strategist Samara Hammoud said in a report. "We expect the Fed to wait until December before hiking again."
