U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong on the black market Saturday morning but maintained a steady rise against major currencies.
The greenback declined by 0.13% to VND26,475 at unofficial exchange points.
Vietcombank maintained its rate at VND26,140.
The State Bank of Vietnam’s reference rate was stable at VND24,951.
The dollar has risen 3.62% against the dong since the beginning of the year.
Globally the dollar was on track for a weekly gain against major currencies, including the Swiss franc, yen and euro on Friday, after a U.S.-U.K. trade deal increased optimism about upcoming U.S.-China talks, Reuters reported.
Financial markets headed into the weekend with the focus squarely on trade negotiations between Washington and Beijing due to begin on Saturday in Switzerland.
The U.S. dollar is on track for the fourth straight week of gains against the Swiss franc. But it was down 0.01% to 0.83150 franc on the session.
The euro was set for the third straight week of losses against the dollar. It was, however, last up 0.17% on the day at $1.125025.
