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 slightly on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.20% lower at VND25,550.
Vietcombank kept its rate unchanged at VND25,300.
The State Bank of Vietnam maintained its reference rate at VND24,325.
Globally the U.S. dollar slid on Friday and was set for its biggest weekly loss in over a year after President Donald Trump suggested a softer stance on tariffs against China, adding to uncertainty about the trade policy that kept equity markets on edge, Reuters reported.
The U.S. dollar dropped as much as 0.8% against a basket of currencies on Friday, before narrowing losses at the end of the day to be down 0.65%.
But it still had its biggest weekly loss since November 2023, having lost 1.8% since Monday.
Some analysts warned that the dollar could rise again if the U.S. tariff and interest rate policies shifted.
“We think that the dollar has further to climb,” said Simon MacAdam, deputy chief global economist at Capital Economics.
“Its appreciation so far has reflected both the strength of the economic data in the U.S. relative to peer economies and investors’ assessment of Trump’s policies, both of which have contributed to a shift in interest rate differentials that has been favorable to the dollar.”
