The U.S. dollar rose 0.5% against major peers on Wednesday, supported by renewed global inflation concerns and lingering doubts over a potential de-escalation in the Iran conflict. Markets struggled to reconcile mixed signals after President Donald Trump cited progress in U.S.–Iran negotiations, while Tehran denied any direct talks. The Yen (JPY) gained 0.5% after Bank of Japan minutes signaled growing support for further rate hikes, though without clear guidance on the pace. Meanwhile, the Australian dollar (AUD) fell more than 0.6% as February inflation data undershot expectations.
Vietnam’s total merchandise trade reached $197.1 billion as of March 15, up 20.8% year-on-year (+$33.92 billion), led by a 34.9% surge in FDI sector trade value to $148.7 billion. The country posted a cumulative trade deficit of $3.51 billion, while exports rose 17.1% to $96.8 billion (+$14.14 billion). Domestically, the USD/VND exchange rate eased yesterday after the State Bank of Vietnam intervened through cancellable USD forward sales to stabilize the market. The rate closed at 26,350, slightly below the effective daily ceiling of 26,359.
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