Dollar climbs against dong

The U.S. dollar has strengthened against the Vietnamese dong, with the currency trading at VND26,400, marking a 0.27% increase over the weekend. On the black market, the dong was being exchanged at approximately VND25,950. The State Bank of Vietnam raised its reference rate by 0.1% to VND25,586. Meanwhile, globally, the yen has been gaining strength against the dollar, disregarding weaker-than-expected Japanese GDP figures.

Traders appear to be less optimistic about the Federal Reserve raising interest rates this year. The U.S. dollar index, which tracks the dollar's performance against a basket of six currencies, saw a slight decline of 0.1%, settling near its lowest levels of the month at 99.519. The yen has been 0.2% stronger against the U.S. dollar, trading at 158.965 yen, on track for two consecutive days of modest gains against the dollar, but it remains within its trading range for the past week.

The euro has climbed 0.1% to $1.1582, nearing a two-month high, while the British pound has strengthened by 0.2% to $1.3556, reaching its firmest levels since May. Compared to the Chinese yuan, the U.S. dollar remains flat at 6.7409 yuan in offshore trade, ahead of economic data expected to be released later on Monday.