An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar fell against the Vietnamese dong Friday morning while holding firm against major currencies.
Vietcombank sold the dollar at VND25,610, a 0.2% drop from Thursday and down 0.62% from its historic peak on Wednesday.
On the black market, the greenback slipped 0.16% to VND25,710.
The State Bank of Vietnam lowered its reference rate by 0.04% to VND24,562.
Globally, the dollar eased on Friday as investors contended with U.S. President Donald Trump’s reciprocal tariffs that were not immediately imposed as well as U.S. data allaying investor worries on inflation, Reuters reported.
Although the tariffs would not be implemented immediately, they could be enforced within weeks as Trump’s trade and economic team studies bilateral tariff and trade relationships, a White House official said.
The dollar index, which measures the greenback against a basket of currencies, was little changed at 107.07 after dropping 0.8% on Thursday, its biggest one-day percentage drop since January 20.
The euro hovered near its highest in more than two weeks at $1.0459 in early Asian trade, supported by optimism around potential peace talks between Ukraine and Russia.
The Japanese yen was up marginally at 152.64 on Friday but remained on track for its first weekly loss since early January.
Sterling touched $1.25705, its firmest since January 7, and was last down 0.07% at $1.256. The Canadian dollar stood just above a two-month high of C$1.4184 hit in the previous day.
