Dollar weakens against dong
The U.S. dollar slipped against the Vietnamese dong Monday morning as it fell against the yen after joint intervention by the U.S. and Japan.
The Vietnamese Dong experienced a slight strengthening against the U.S. Dollar over the weekend. Vietcombank reported the official rate at VND26,480 per dollar, a 0.04% decrease from the previous weekend. Informal exchange points saw a marginal increase to VND26,283 per dollar, a 0.01% rise. The State Bank of Vietnam adjusted its reference rate by 0.08% to VND25,358.
Globally, the Japanese Yen surged against the dollar after the U.S. and Japan confirmed a joint intervention to support the Yen. The Yen rose 0.5% to 156.47 per U.S. dollar, triggering alertness for potential further intervention. This coordinated action was the first of its kind since 2011, following a devastating earthquake in eastern Japan.
The dollar faced pressure, with the Euro reaching a 1-1/2-month peak of $1.1559 early in Asia. The British Pound hovered near a two-week high at $1.3476. The Dollar Index remained stagnant at 99.71, after declining over 1.5% the previous week.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Iran's Baghaei: No talks with US currently regarding Hormuz fxstreet.com
- Iran Talks to Begin Monday, Trump Says bloomberg.com
