A close-up of a dollar bill. Photo by Pixabay/amrothman
The U.S. dollar declined slightly against the Vietnamese dong on the black market on Saturday.
Unofficial exchange points sold the greenback 0.04% lower at VND26,540.
Vietcombank maintained its rate at VND26,445.
The State Bank of Vietnam’s reference rate was stable at VND25,186.
Globally the dollar strengthened on Friday, extending its rebound against most major currencies, as traders reviewed the near-term outlook after the Federal Reserve cut interest rates this week but signaled gradual easing in the future, Reuters reported.
The U.S. dollar currency index, which tracks the greenback against six major peers, rose 0.3% to 97.662.
The gauge, which fell 1% on Monday and Tuesday on expectations the Fed might flag a rapid series of rate cuts, was about flat for the week.
The pound was one of the worst performers among G10 currencies, mirroring investors’ concerns that British finance minister Rachel Reeves may not be able to keep her budget under control.
The currency eased 0.6% to $1.3468, on pace for its biggest two-day drop since early April.
