An employee holds U.S. dollar bank notes at a money changer in Jakarta, Indonesia, April 9, 2025. Photo by Reuters
The U.S. dollar rose marginally against the Vietnamese dong Saturday morning.
Vietcombanks sold the greenback 0.019% higher at VND26,200.
The State Bank of Vietnam hiked its reference rate by 0.06% to VND24,963.
The dollar was steady on the black market at VND26,480.
It has risen against the dong by 2.54% since the beginning of the year.
Globally the dollar headed for its first weekly gain since mid-March on Friday after China granted some tariff exemptions for U.S. imports, raising hopes that the trade war between the world’s two largest economies may be closer to abating, Reuters reported.
The U.S. currency has been whipsawed this week by conflicting signs for a thaw in the fraught relations between Washington and Beijing.
“I don’t think that anything’s necessarily much clearer now, but it does feel like there’s no more ramping up. It feels like it’s coming the other way and if anything, it seems to be heading more towards de-escalation than escalation,” said City Index market strategist Fiona Cincotta.
The dollar was up 0.67% on the day against the yen at 143.555 and was up 0.09% against the Swiss franc at 0.827 francs.
