Vietcombank sold the greenback at VND26,440, a 0.04% drop from Thursday. On the black market, the currency rose 0.18% to around VND26,529.
The State Bank of Vietnam hiked its reference rate by 0.04% to VND25,254.
Globally, the dollar held steady on Friday but was poised for a weekly decline as a softer-than-expected U.S. inflation report this week led traders to cut bets on imminent rate hikes from the Federal Reserve, although escalating attacks in the Middle East soured sentiment, Reuters reported.
The dollar index, which measures the U.S. currency against six other units, was at 100.72, set for a weekly drop of 0.24%. The index hit a one-month low earlier this week on easing chances of a near term rate hike but safe-haven flows have helped support the greenback.
The euro was at $1.1445, set for a 0.29% rise in the week. Sterling fetched $1.3476, on course for a 0.56% gain in the week, its third straight week of gains on fading concerns over Britain’s fiscal outlook.
The Japanese yen was fetching 162.39 per U.S. dollar, rooted near the 40-year low of 162.84 it touched at the start of the month.
“Near-term FX price action is likely to continue reflecting the ‘USD smile’ framework, under which the greenback tends to outperform when markets price either stronger U.S. growth and higher rates or a rise in global risk aversion,” OCBC strategists said in a note.
Sourcee.vnexpress.net
