Dollar falls against dong
The U.S. dollar dropped against the Vietnamese dong Tuesday afternoon.
The Vietnamese dong experienced a slight depreciation against the US dollar, with Vietcombank selling the dollar at VND26,460, marking a 0.08% decrease. On the black market, the greenback saw a more pronounced drop of 0.65%, trading at VND26,110. Despite the global currency movements, the Japanese yen maintained most of its intervention-driven gains, as reported by Reuters.
The yen slipped 0.4% to 157.8 per dollar, slightly reversing some of its earlier gains from a three-month high of 155.20 observed the previous day. However, the yen remained significantly stronger than its 40-year low of 163.99 reached in July. Meanwhile, the US dollar faced losses, impacted by the yen-buying intervention and declining oil prices.
The euro remained relatively stable against the dollar, trading at $1.151, after peaking at $1.156 six weeks prior. The British pound also held steady, priced at $1.343. The broader dollar index showed a bounce from its six-week low, settling at 100.
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