U.S. dollar banknotes are seen in this illustration taken May 4, 2025. Photo by Reuters
The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.70% higher at VND27,385.
Vietcombank kept its rate unchanged at VND26,356.
The State Bank of Vietnam’s reference rate was steady at VND25,101.
Globally the U.S. dollar was headed for a weekly loss against the Swiss franc and yen on Friday, amid concern about trade tensions and unease among some regional American banks, Reuters reported.
The dollar fell 0.08% to 0.7925 against the Swiss franc, dropping to its lowest level since mid-September and was set for the biggest weekly loss since June.
“The market is responding to a week where we are now 17 days into a U.S. government shutdown and we’re missing initial claims and the jobs data; we are flying with limited visibility and the Fed also feels like that,” said Amo Sahota, director at Klarity FX in San Francisco.
“And then we had the trade tension that escalated although Trump did try to calm things down. I believe this is all game theory and negotiating tactics,” Sahota added.
