U.S. one dollar banknotes are seen in this illustration taken Feb. 8, 2021. Photo by Reuters
The U.S. dollar gained slightly against the Vietnamese dong Thursday morning but fell against most major peers.
Vietcombank sold its dollar 0.07% higher at VND26,150.
The State Bank of Vietnam lowered its reference rate by 0.01% to VND24,927.
On the black market the greenback declined by 0.07% to VND26,510.
The dollar has risen by 2.34% against the dong since the beginning of the year.
Globally the U.S. dollar weakened against most of its major peers on Thursday, giving back some of Wednesday’s gains after the Fed warned of rising risks to the economy from higher inflation and unemployment, Reuters reported.
The pound jumped, taking the Australian dollar with it, after U.S. President Donald Trump said he would announce “a major trade deal” later in the day, with the New York Times reporting it would be Britain.
Sterling climbed 0.4% to $1.3341, even with the Bank of England widely expected to announce a quarter-point rate cut later in the day.
