An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar weakened against the Vietnamese dong Friday morning as it rose against major peers.
Vietcombank sold the greenback at VND26,270, down 0.08% from Thursday. The dollar slid by 0.15% to around VND26,460 on the black market.
The State Bank of Vietnam lowered its reference rate by 0.01% to VND25,128.
Globally, the U.S. dollar rose on Friday on more signs of upheaval in the global trade landscape, as U.S. President Donald Trump announced more tariffs and said he planned to impose blanket levies of 15% or 20% on most trade partners, Reuters reported.
The euro fell 0.25% to $1.1671 and was headed for a weekly decline of nearly 1%. Elsewhere, sterling was down 0.22% at $1.3551, reversing slight gains from earlier in the session, and was set to lose more than 0.6% for the week.
The New Zealand dollar fell 0.32% to $0.6013 and the yen eased 0.13% to 146.44 per dollar.
While the market reaction to Trump’s slew of tariff announcements this week had been largely muted compared to the manic post “Liberation Day” selloff in April, investors remain on tenterhooks over the outlook for global trade and whether Trump’s Aug. 1 deadline is final.
That has in turn kept the dollar supported, and against a basket of currencies, the greenback was last up 0.2% at 97.77 and set to end the week with a 0.8% gain.
