Dollar rises on black market
The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning.
The Vietnamese dong has seen a slight increase in the black market, with unofficial exchange points selling the greenback at VND26,080, marking a 0.12% rise. Vietcombank maintained its rate at VND26,020, showing a divergence in the unofficial market. Globally, the euro experienced a decline, setting the stage for a weekly loss against both the U.S. dollar and the yen.
The euro's downward trend was fueled by a selloff in French government bonds, pushing the country's debt risk premium to its highest level since the 2011 sovereign debt crisis. Meanwhile, the Japanese yen was poised for a weekly increase against the greenback, benefiting from safe-haven flows following a selloff in AI stocks earlier in the week.
The dollar index remained relatively stable, showing a minor gain of 0.25% on the week, with a weekly target of 0.03%.
Brief written by urgent.news from VnExpress Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
