Dollar slips against dong

Vietcombank sold the greenback at VND25,720, a 0.12% drop from Tuesday. The currency rose 0.08% to VND25,850 on the black market.

The State Bank of Vietnam lowered its reference rate by 0.02% to VND24,750.

Globally, the dollar regained some lost ground on Wednesday but was still languishing near a three-month low as U.S. President Donald Trump again vowed reciprocal tariffs in his first speech to Congress since taking office, Reuters reported.

Moves in currencies were volatile as investors continued to reel from a trade war triggered by Trump following his new 25% tariffs on imports from Mexico and Canada that took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%.

"The dollar regained some losses after Trump touched on retaliatory tariffs, owing to uncertainty weighing on sentiment and worries over a pick up in U.S. inflation," said Christopher Wong, a currency strategist at OCBC.

Against a basket of currencies, the greenback edged up slightly to 105.62, though was not far from Tuesday's low of 105.49.

The firmer dollar knocked the euro off a more than three-month top of $1.0637 hit earlier in the session, though the common currency didn't stray too far from its high and last traded 0.1% lower.

Elsewhere, sterling eased 0.06% to $1.2788, while the yen dipped slightly to 149.88 per dollar.

Canada's loonie lost 0.2% to stand at C$1.4424, while the Mexican peso recovered some of its losses and last stood at 20.60 per dollar.