Market Highlight 08.07.2026

According to the U.S Department of Commerce, the goods and services trade deficit increased by 42,2% in May from the previous month to 77,6 billion USD. This was the highest level since the deficit reached nearly 133 billion USD in March 2025, when U.S businesses rushed to import goods before President D. Trump imposed new tariffs. Imports rose sharply, increasing by 3,3% from the previous month, driven by stronger demand for items related to AI development, including semiconductors and computer accessories. Imports of pharmaceuticals, mobile phones, and foreign-made automobiles also increased. Exports fell by 3,2% in May, mainly due to a sharp decline in overseas gold sales. This suggests that trade activity is weighing on gross domestic product (GDP) growth in Q2, after GDP expanded by 2,1% in the first quarter of 2026.

The market will closely monitor the Minutes of the Federal Reserve’s June meeting, the first meeting under new Chair Kevin Warsh, scheduled for release in the early hours of Thursday, to confirm FED members’ views on the Central Bank’s future interest-rate policy direction. Another report from the Federal Reserve Bank of New York showed that U.S consumers became more concerned about short-term inflation pressure in June, even as worries over gasoline prices eased and people became more optimistic about their current and future personal financial situation. The market currently expects the FED to deliver only one rate hike in December this year. The USD rebounded by 0,26% yesterday following reports of attacks on ships and infrastructure in the Strait of Hormuz.

Interbank USD/VND fell by around VND10 to 26.290 on Tuesday, with the effective daily ceiling at 26.462.

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