The State Bank of Vietnam (SBV) has released notable insights into the dynamics of the currency market, with a particular focus on interest rates over the past period.
"In a dramatic turn of events, the USD witnessed a downturn in the week of May 19-23, 2025, as former US President Trump threatened to impose a hefty 50% tariff on imports from the European Union (EU), effective June 1st. This unexpected development sent shockwaves through global markets, causing the USD to retreat."