Dollar weakens against dong

The U.S. dollar experienced a slight weakening against the Vietnamese dong on Wednesday, trading at VND26,270, a 0.15% decrease from the previous trading day. On the black market, the currency saw a further drop, falling 0.42% to approximately VND25,860. The State Bank of Vietnam adjusted its reference rate downward by 0.02% to VND25,611.

In the global markets, the dollar remained rangebound during early Asian trading hours on Wednesday. Traders were awaiting inflation reports from major economies, including the United States, and were also anticipating the Jackson Hole symposium this weekend. The U.S. dollar index, which tracks the greenback's strength against a basket of six currencies, dropped from a three-day winning streak on Tuesday and was hovering around 98.918 in early Asian trading.

Meanwhile, the euro remained steady at $1.1675, the British pound held at $1.3647, and the Japanese yen was unchanged at 159.14 yen. The greenback also weakened by 0.1% against the Canadian dollar, trading at C$1.38405 per dollar. This was a retracement of some of its gains against the loonie over the past two days, following Ottawa's retaliatory tariffs on around $20 billion worth of U.S. annual imports and the announcement of aid for businesses and workers. However, trade talks between Washington and Ottawa had collapsed the previous week.