An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar rose against the Vietnamese dong Wednesday morning while remaining mostly stable against major currencies.
Vietcombank sold the currency at VND26,254, up 0.09% from Tuesday. The greenback rose by 0.04% to VND26,340 on the black market.
The State Bank of Vietnam hiked its reference rate by 0.08% to VND25,004.
Globally, the dollar was little changed on Wednesday as investors looked ahead to U.S. employment data for immediate trading cues, while waiting on developments in President Donald Trump’s tariff negotiations with key trading partners including China, Reuters reported.
The dollar was up 0.2% at 144.23 yen, but was flat against most of its other rivals, including the euro, sterling and Swiss franc. The euro stood at $1.1370, sterling at $1.3514 and the franc at 0.8241 per greenback.
The dollar index, which measures the currency against those four and two more peers, added 0.1% to 99.296.
The Canadian dollar was flat at C$1.3722 versus its U.S. peer, with the Bank of Canada seen likely to hold interest rates steady later in the day.
Traders will have an eye on the ADP employment report later in the day, in the run-up to U.S. monthly payrolls figures on Friday.
“Job openings were much stronger than expected,” of the overnight JOLTS data, which is closely watched by the Federal Reserve.
“The low estimate for ADP means the USD and U.S. bond yields have a small hurdle to climb for a positive surprise tonight.”
