Dollar inches down against dong

Vietcombank sold the greenback at VND25,700, a 0.08% drop from Tuesday morning. On the black market, the currency held steady at around VND25,710.

The State Bank of Vietnam hiked its reference rate by 0.13% to VND24,633.

Globally, the U.S. dollar held firm on Wednesday on the back of tariff concerns and tense Russia-Ukraine negotiations, while the New Zealand dollar slid after the central bank delivered a super-sized interest rate cut, Reuters reported.

The kiwi was last down 0.3% at $0.5687 following the decision and bank commentary that suggested more cuts were likely.

In the broader market, investors sized up the latest note in U.S. President Donald Trump's tariff crescendo and uncertainty after initial Russia-Ukraine peace talks finished without Kyiv or Europe at the table.

Hopes of a peace agreement buoyed the euro to a two-week high last week, but the EU bloc currency has slid in recent days. It was last 0.03% lower at $1.0442.

The dollar index, which measures the greenback against a basket of rivals, rose 0.04% to 107.04.

The yen strengthened 0.05% to 152 per dollar. Japan's solid October-December GDP data on Monday, coupled with recent strong inflation, has bolstered rate hike bets.

Sterling was flat at $1.2613 after brushing a two-month high of $1.2641 in early trade on Wednesday.