An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar dropped against the Vietnamese dong on the black market Wednesday morning as it weakened against some major peers.
At unofficial exchange points, the greenback slid 0.29% from Tuesday to around VND27,558. Vietcombank kept its exchange rate stable at VND26,403.
The State Bank of Vietnam kept its reference rate stable at VND25,146.
Globally, the dollar was down 0.2% to 99.67 against a basket of currencies, having lost 0.3% in the previous session, its biggest daily decline in nearly three weeks, Reuters reported.
The dollar fell 0.2% to 155.75 yen following a report the Bank of Japan was preparing markets for a possible interest rate hike as soon as next month.
Elsewhere, the New Zealand dollar jumped 1.2% to $0.5688 after the Reserve Bank of New Zealand lowered rates to 2.25% as expected but provided a more hawkish outlook on the future policy path.
The euro edged closer to the $1.16 level and last bought $1.1583, helped slightly by signs of progress in a peace plan between Russia and Ukraine. Sterling advanced 0.2% to $1.3191, ahead of a high-stakes UK budget announcement by Finance Minister Rachel Reeves later in the day.
Also weighing on the greenback was a report from Bloomberg that White House economic adviser Kevin Hassett has emerged as the frontrunner to be the next Fed chair. Hassett, like Trump, has said interest rates should be lower than they are now under the leadership of Fed Chair Jerome Powell.
