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 and major peers Friday morning.
Vietcombank sold the dollar at VND25,467, down 0.05% from Thursday.
The greenback rose 0.08% to VND25,750 on the black market.
The State Bank of Vietnam lowered its reference rate by 0.05% to VND24,255.
The dollar has risen against the dong by 4.29% since the beginning of the year.
Globally, dollar bulls waited anxiously on Friday to see if U.S. payrolls challenged or cemented expectations of a rate cut this month, Reuters reported.
The mighty U.S. dollar fell 0.6% overnight against its peers and was pinned near three-week lows at 105.84 on Friday. Bulls are wary of a sharp pullback given the market has been overwhelmingly long on the greenback.
The euro rallied 0.7% overnight and was last flat at $1.0580, after French Prime Minister Michel Barnier resigned in a widely expected development in the country’s political saga.
