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 marginally against the Vietnamese dong Tuesday morning after Monday’s decline.
Vietcombank sold the greenback 0.04% lower at VND26,160.
The State Bank of Vietnam maintained its reference rate at VND24,956.
Unofficial exchange points sold the dollar at VND26,520, up 0.11%.
The dollar has risen 2.38% against the dong since the beginning of the year.
Globally the dollar barely recouped its heavy losses on Tuesday as investors were no clearer on whether a de-escalation of the Sino-U.S. trade war was underway with Treasury Secretary Scott Bessent suggesting the onus was on China to start negotiations, Reuters reported.
Bessent said in an interview on Monday that it was up to China to de-escalate on tariffs – the latest in a slew of conflicting signals over progress on trade talks between the world’s two largest economies.
The U.S. currency was last up 0.11% at 142.19 yen, barely reversing its 1.2% fall, and ticked 0.18% higher against the Swiss franc to 0.8217, having slid 0.8% on Monday.
