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 inched down against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.04% lower at VND26,370. Vietcombank kept its rate unchanged at VND26,200.
The State Bank of Vietnam maintained its reference rate at VND24,978.
Globally, the dollar was mixed on Friday but on track for the first monthly gain against the Japanese yen this year as investors factored in the likelihood of trade tariffs remaining in some form, even as U.S. President Donald Trump faces a court battle over his authority to impose them, Reuters reported.
A federal appeals court temporarily reinstated the most sweeping of Trump’s tariffs on Thursday, a day after a U.S. trade court ruled that Trump had exceeded his authority in imposing the duties and ordered an immediate block on them.
The dollar briefly bounced on Friday after Trump said that China had violated an agreement on tariffs with the United States. A day earlier, Treasury Secretary Scott Bessent said that trade talks between the U.S. and China were “a bit stalled.”
The euro was last down 0.12% at $1.1356. It is on pace for a 0.27% monthly gain, the smallest since February.
The dollar weakened 0.21% to 143.88 Japanese yen. The greenback is on track for a monthly increase of 0.6% against the Japanese currency, the first green month since December.
