Dollar slips against dong
The U.S. dollar weakened against the Vietnamese dong on Friday morning.
The Vietnamese dong saw the US dollar slip against it on Friday, according to wire material. Vietnamcombank sold the greenback at VND25,780, a decrease of 0.08% from the previous day, marking its lowest level since March 31, 2025. Unofficial exchange points reported the currency rising 0.19% to approximately VND26,130. The State Bank of Vietnam adjusted its reference rate by 0.03% to VND25,615.
Globally, the US dollar remained strong against major currencies on Friday, benefiting from the demand for safe havens following a worldwide selloff in AI stocks. However, lower Treasury yields somewhat capped these gains ahead of a significant US payrolls report, according to Reuters. The dollar index, which tracks the dollar's performance against six other currencies, rose by 0.3% to 101.74.
Meanwhile, the euro experienced a slight decline against the dollar, falling 0.2% to $1.1198, but was expected to gain around 0.4% for the week, ending a two-week losing streak. The British pound also dipped by 0.1% to $1.3433, following the Bank of England's decision to increase its policy interest rate, as anticipated. The pound is projected to end the week 0.3% higher, marking the fourth consecutive week of gains.
Dilin Wu, a research strategist at Pepperstone, suggested that the dollar is receiving support from safe-haven demand. This could maintain its relative strength against some Asian currencies, though falling Treasury yields might limit the upside.
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