U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar weakened against the Vietnamese dong Monday morning while inching up against major peers.
Vietcombank sold the dollar at VND25,452, down 0.04% from the weekend.
At unofficial exchange points, the greenback fell 0.04% to VND25,720.
The State Bank of Vietnam lowered its reference rate by 0.05% to VND24,240.
The dollar has risen against the dong by 4.23% since the beginning of the year.
Globally, the dollar crept higher on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen’s recent rebound was underpinned by wagers on rising rates at home, Reuters reported.
The dollar also drew some verbal support from U.S. President-elect Donald Trump who on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that could replace the dollar or face 100% tariffs.
The euro slipped 0.4% to $1.0532, after bouncing 1.5% last week and away from a one-year trough of $1.0425.
That saw the dollar index edge up to 106.170, having closed out November with a gain of 1.8% even after a setback last week.
The dollar regained 0.4% on the yen to 150.37, having shed 3.3% last week in its worst run since July.
