Dollar gains over dong

Vietcombank sold the greenback at VND25,740, a 0.2% jump from Tuesday. The currency rose 0.16% to VND25,770 on the black market.

The State Bank of Vietnam's reference rate increased by 0.09% to VND24,668.

Globally, the U.S. dollar sagged near an 11-week low against its major peers on Wednesday, under pressure from sliding short-term Treasury yields after a run of weak economic data, Reuters reported.

The safe-haven yen strengthened towards its highest level since October with investor sentiment fragile amid the threat of new rounds of tariffs from the administration of U.S. President Donald Trump.

Treasury Secretary Scott Bessent said on Tuesday the economy is more fragile under the surface than economic metrics suggest, citing interest rate volatility, sticky inflation and job growth focused on the government sector, while also saying that tariffs are an important source of revenue.

The U.S. dollar index, which measures the currency against six major rivals, slipped 0.1% to 106.17 early in the Asian day, bringing it close to Monday's low of 106.13, the weakest level since Dec. 10.

Bessent's comments and weak data set the U.S. dollar up to begin the global day down 0.1% at 148.865 yen, nearing Tuesday's low of 148.56 yen, its weakest since Oct. 11.

The U.S. currency edged down from the highest since Feb. 12 at C$1.4318 , reached in the prior session, losing 0.1% to C$1.4302. It was steady at 20.46 Mexican pesos.

The euro added 0.1% to $1.0520, drawing close to Monday's high of $1.0528, a level last seen on Jan. 27. Sterling was steady at $1.2669, holding close to Monday's more than two-month peak of $1.2690.