Dollar slips against dong
The U.S. dollar fell against the Vietnamese dong Tuesday morning.
The U.S. dollar experienced a slight decline against the Vietnamese dong on Tuesday, according to Vietcombank and the black market. Vietcombank sold the dollar at VND26,330, marking a 0.11% decrease. On the black market, the greenback gained 0.19% to VND25,970.
Global markets saw the U.S. dollar struggling to maintain gains against major currencies. Investors analyzed Washington's decision to expand Iran-related sanctions and efforts to alleviate pressure on longer-dated Treasury yields, as reported by Reuters.
Meanwhile, the euro showed a slight uptick, trading at $1.1668, close to a three-month high previously reached last week. The British pound also strengthened marginally, reaching $1.3639, nearing its six-month peak.
U.S. Treasury Secretary Scott Bessent announced an expansion of sanctions against Iran on Monday, cautioning countries to sever business ties with Iran or face potential removal from the dollar-based financial system. Ray Attrill, head of FX strategy at National Australia Bank, suggested that this move might contribute to a brief reversal of the dollar's weakness observed at the end of last week.
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