U.S. one dollar banknotes are seen in this illustration taken Feb. 8, 2021. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong Thursday morning, lowest since July 31.
Vietcombank lowered its rate by 0.01% to VND26,386. The State Bank of Vietnam’s reference rate fell 0.01% to VND25,130.
The greenback jumped 1.18% to VND26,930 on the black market.
Globally the dollar held steady on Thursday, on track for its best week in nearly a year, buoyed by a weak yen that has struggled on the back of a change of guard in Japan’s ruling party, Reuters reported.
The Japanese currency was last a touch stronger at 152.49 per dollar, after having slid to an eight-month low of 153 per dollar overnight. It has fallen more than 3% for the week thus far, set for its worst performance since September 2024.
“The increase in dollar/yen has been quite relentless, and it seems like nothing can stop it from rallying,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia.
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