A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. Photo by Reuters
The U.S. dollar remained stable against the Vietnamese dong Wednesday morning as it trade at a one-week low against major currencies.
Vietcombank kept the greenback steady at VND26,446. On the black market, the currency was flat at around VND26,620.
The State Bank of Vietnam lowered its rate by 0.008% to VND25,192.
Globally, the dollar hovered near a one-week low versus major peers on Wednesday as the U.S. government entered a shutdown that is likely to delay the release of crucial jobs data, Reuters reported.
The dollar index, which gauges the currency against six counterparts including the euro and yen, stood at 97.814 as the deadline passed. It had fallen as low as 97.633 overnight for the first time since last Wednesday.
The euro edged up slightly to $1.1738, after rising to the highest since Sep. 24 at $1.1762 on Tuesday. The dollar was flat at 147.92 yen following a three-day 1.2% slide.
In the absence of official data, more emphasis will fall on private-sector economic indicators. The length of any shutdown may be key for markets, as the Fed’s next policy decision on Oct. 29 remains weeks away.
“The USD will resume its fall today if the political discourse suggests an extended shutdown,” said Joseph Capurso, head of foreign exchange at Commonwealth Bank of Australia.
“More weak U.S. economic data can add to the weight on the USD,” he added.
