Market Highlight 01.07.2026

U.S consumer confidence edged higher in June, as lower gasoline prices offset concerns about the labor market. The Conference Board’s confidence index rose by 0,6 points to 91,2 after the previous month’s figure was revised lower, according to data released on Tuesday. The report showed that cheaper gasoline prices, supported by the preliminary U.S - Iran peace agreement, helped ease some of U.S consumers’ concerns about the economy in recent months. However, the employment outlook deteriorated, and consumers expect little improvement in the coming months. Even so, U.S consumer spending has remained stable, partly supported by recent tax refunds, while the hiring rate in the U.S has risen sharply. Another report on Tuesday showed that the number of job openings in the U.S was little changed in May, suggesting that labor demand remains stable. The June employment report due tomorrow night may record strong job gains for the fourth consecutive month.

The JPY fell to a 40-year low of 162,67 on Tuesday. Since the beginning of this year, the Japanese currency has declined by around 3,5% against the USD. This has made Japan a more attractive and price-competitive tourist destination, but has also increased the cost of living for residents. The market is once again on high alert over the possibility of currency intervention by Japanese authorities, although Tokyo used more than 70 billion USD in foreign exchange reserves to support the yen in April this year. The USD Index edged higher yesterday to 101,2 after three consecutive days of decline.

Domestically, interbank USD/VND rose back by around VND15 yesterday and traded at 26.310 by the end of the day. The SBV continued to raise the daily ceiling by a further VND 5 to 26.466.

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