A U.S. dollar bill. Photo by Unsplash/alexandratimis
The U.S. dollar on Tuesday morning declined against the Vietnamese dong and dipped to a 4-month low against major peers.
Vietcombank sold the greenback 0.14% lower at VND26,330. On the black market the dollar plunged 0.98% to VND26,396.
Globally the under-pressure Indian rupee is poised to open higher on Tuesday after the dollar slumped to a four-month low, hit by the rally in the Japanese yen and unease over President Donald Trump’s erratic policymaking, Reuters reported.
The 1-month non-deliverable forward indicated the rupee will open in the 91.68-91.72 range versus the U.S. dollar, having settled at 91.94 on Friday.
The rupee fell 1.18% last week, taking it near the 92.00 per dollar handle for the first time. The move has coincided with persistent equity outflows, now at nearly $4 billion for January.
The dollar index slipped to around 97, the lowest level in more than four months, and extending last week’s 1.9% decline, the largest weekly drop since April.
