U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. Photo by Reuters
The U.S. dollar rose marginally against the Vietnamese dong Tuesday morning.
Vietcombank sold the greenback 0.0075% higher at VND26,403.
On the black market the dollar fell 0.07% to VND27,850.
Globally the U.S. dollar was steady on Tuesday as investors deliberated the chances of the Federal Reserve cutting interest rates next month after dovish comments from policymakers while the frail yen remained on intervention watch, Reuters reported.
“There is an intense focus on the stance of each respective Fed voter and their views on a December rate cut,” said Chris Weston, head of research at Pepperstone.
“This makes sense given that the market (and the Fed) have not received the data that would typically influence their decision on policy… perhaps the biggest unknown is the view of (Fed Chair Jerome) Powell himself, but on balance one could assume he would vote for a December rate cut.”
The sudden shift in rate cut wagers has weighed slightly on the dollar. The euro last bought $1.1522 after eking out small gains overnight while sterling was at $1.3103.
The dollar index, a measure of the U.S. currency against major rivals, was at 100.2 in early trading.
