A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey Nov. 11, 2021. Photo by Reuters
The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning after edging up against major peers in the previous session.
The greenback went up 0.03% from Friday to around VND27,149 at unofficial exchange points. Vietcombank maintained its exchange rate at VND26,384.
The State Bank of Vietnam’s reference rate was firm at VND25,128.
Globally, the dollar index, which measures the U.S. currency against six rivals, rose 0.08% to 98.03 on Friday, Reuters reported.
The Japanese yen softened against the dollar as investors remained on watch for potential intervention to shore up the currency. Analysts say year-end trading, when volumes are thin, provides an opportunity for authorities to take action.
Investors are preparing for 2026 focused on when the U.S. Federal Reserve might cut rates and by how much. Traders are pricing in at least two cuts over the year, but they do not expect the Fed to move before June.
The central bank has projected one more cut next year but divisions among decision makers has left investors on edge about the policy outlook.
