Dollar slides against dong

The U.S. dollar experienced a decline against the Vietnamese dong on Friday, with Vietcombank selling the greenback at VND26,470, a 0.08% decrease from the previous day. On the parallel market, the currency slipped further, dropping 0.1% to approximately VND26,331. The State Bank of Vietnam raised its reference rate by 0.07 of VND25,338.

Internationally, the U.S. dollar index, which gauges the currency's performance against six major counterparts, showed a slight upward trend at 100.12, following a 0.8% drop on the prior day. However, the dollar was on track for a weekly decline of 1.3% and a monthly loss of 1%, according to Reuters. Authorities in Japan and South Korea intervened in the foreign exchange market late on Thursday, purchasing their domestic currencies in the open market, described as a rare and unprecedented coordinated effort, potentially alongside the United States.

The Japanese yen was last quoted at 160.64 per U.S. dollar on Friday, down 0.7% after a brief spike to 157.8 the day before. In South Korea, the won weakened nearly 1% to 1,437.62 per U.S. dollar on Friday, having risen almost 8% this month due to companies returning dollars back into the country. The euro was trading at $1.1517, down 0.08% in Asia, following its six-week high. The British pound held steady at $1.3460.