Dollar dips against dong
The U.S. dollar fell against the Vietnamese dong on Monday morning.
The Vietnamese dong experienced a slight dip against the US dollar, trading at VND25,730 on Saturday, a decrease of 0.19% from the previous weekend. This decline was reversed slightly as the currency reached approximately VND26,050 on unofficial exchange platforms. The State Bank of Vietnam decreased its benchmark rate by a marginal 0.02% to VND25,610.
Internationally, the dollar showed resilience, hovering near a 1.5-year peak versus the euro and a seven-month peak against the Australian dollar. This surge in the dollar was fueled by a report on Friday highlighting a significant uptick in US jobs data, indicating stronger economic growth expectations and potentially higher interest rates.
The US dollar index, a measure of the dollar's strength against six major currencies, remained stable at 102.20 early on Monday, despite a sharp increase of 0.7% on Friday. The Australian dollar showed a modest gain of 0.3% to $0.6875, recovering from a drop below $0.6855 earlier in the week. Meanwhile, the euro nudged upwards by 0.1% to $1.11485, after a steep decline of 0.7% on Friday when it fell to a low not seen since May 2025.
The dollar softened by 0.2% to 158.185 yen, after rising by 0.6% the previous day. Meanwhile, the British pound edged up 0.1% to $1.3360, while the dollar slipped slightly against the Canadian dollar to C$1.4119.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
