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 dropped against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.23% lower at VND25,910.
Vietcombank kept its rate steady at VND25,760.
The State Bank of Vietnam maintained its reference rate at VND24,813.
The dollar has risen 0.82% against the dong since the beginning of the year.
Globally the dollar edged up against the euro on Friday, on pace for its first weekly gain this month, as investors booked profits from the euro’s recent advance ahead of the April 2 deadline for reciprocal U.S. tariffs, Reuters reported.
The euro was 0.3% lower at $1.08223, on pace to finish the week down 0.6%, its first weekly loss since February 28.
The dollar, under pressure this year from worries over the hit to U.S. economic growth from the Trump administration’s trade policies, found some respite this week as the Federal Reserve indicated it was in no rush to cut interest rates.
The euro softened as investors booked gains, even as Germany’s Bundesrat, the upper house of parliament, passed a reform of the country’s borrowing rules and a 500-billion-euro fund to revamp its infrastructure and revive Europe’s largest economy.
