A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey Nov. 11, 2021. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.39% lower at VND27,850.
Vietcombank kept its reference rate unchanged at VND26,358.
Globally the U.S. dollar dropped against major currencies including the euro and Swiss franc on Friday as investors sought to balance the Federal Reserve’s hawkish tilt against lingering concerns over the U.S. economy, Reuters reported.
The euro rose 0.15% against the dollar to $1.15564. It was on track to gain 0.26% for the week, recovering from two consecutive weeks of losses.
The dollar index, which measures the currency’s strength against a basket of six peers, was down 0.12% at 99.56. It was set to fall 0.15%, ending two straight weeks of gains.
“We have been calling for a dollar bounce for a while now and are still looking for some gains in the near term, as U.S. growth momentum remains strong while dollar sentiment is relatively weak,” said TS Lombard analysts led by Andrea Cicione in an investor note.
