SBV boosts liquidity injection while greenback weakens

This week, the SBV continued its liquidity injection for the third consecutive week, stepping up its support to the banking system. The interbank curve remained mostly unchanged, while USDVND eased. On the global front, the greenback slumped due to mounting fears over escalating global trade tensions and diminishing confidence in U.S. economic policy under President Trump. Domestically, USDVND cooled as the U.S. announced a pause in reciprocal tariffs on multiple countries, including Vietnam, creating room for further negotiations over the next three months.