Dollar rises against dong

The U.S. dollar experienced an upward trend against the Vietnamese dong, with the currency selling at VND26,430, marking a slight increase of 0.04% from the previous day. On the black market, the dollar encountered a minor decline of 0.04%, trading at VND26,100. The State Bank of Vietnam's reference rate for the dollar rose by 0.12% to VND25,463.

Internationally, the dollar demonstrated resilience, climbing against the yen and euro. This surge can be attributed to concerns surrounding an Iran peace deal, which bolstered the U.S. currency's allure as a safe haven. Furthermore, the greenback gained strength from elevated Treasury yields following a report by the Financial Times. This report cited sources close to Federal Reserve Chair Kevin Warsh, who hinted at the possibility of a September interest rate hike, contingent on forthcoming data.

The greenback showed a modest rise to 158.505 yen in the Asian morning trading session, following its 0.4% gain on Thursday. This trajectory suggests a potential weekly increase of around 0.7%, as the dollar recovers from a period of joint Japan-U.S. intervention. In comparison to the euro, the dollar edged up to $1.1521 after a 0.3% increase in the preceding session.

Conversely, the dollar showed a slight strengthening against the British pound, reaching $1.3449. Additionally, the Australian dollar experienced a minor dip to $0.7029, while the New Zealand dollar edged down to $0.5866.