During the first week of November (November 3–7), the U.S. dollar weakened slightly on the international market after President Donald Trump, for the first time, acknowledged that American consumers are paying higher prices for goods due to his tariff policies — though he maintained that the measures “bring overall benefits to the nation.”
At the close on November 7, the U.S. Dollar Index (DXY) — which measures the greenback’s strength against a basket of six major currencies — stood at 99.47 points, down 0.2 points from the previous week’s close.
President Trump’s remarks weakened U.S. consumer sentiment, while the partial government shutdown, which has delayed the release of key economic data, further raised concerns over the country’s growth outlook. The monthly jobs report was also postponed, leaving investors without key guidance, weighing on market sentiment and pushing the U.S. dollar lower.
In Vietnam, the central exchange rate announced by the State Bank of Vietnam (SBV) on November 7 was 25,103 VND/USD, up 10 dong from the previous week, ending a five-week losing streak. With a trading band of ±5%, commercial banks are allowed to quote rates between 23,848 and 26,358 VND/USD.
At the Foreign Exchange Management Department, the reference exchange rate was listed at 23,898–26,308 VND/USD (buy–sell), up 9 and 11 dong, respectively, compared to the previous week.
In the banking system, Vietcombank closed the week with exchange rates at 26,088–26,358 VND/USD, rising 11 dong on both sides.
On the unofficial (black) market, the USD/VND exchange rate inched down slightly after several weeks of sharp gains, to 27,770–27,850 VND/USD (buy–sell) — a 30-dong drop on the buying side and unchanged on the selling side compared to last week’s close, ending a strong four-week rally.
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