A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong on the black market Saturday morning.
The greenback dropped 0.34% to VND26,290 at unofficial exchange points.
Vietcombank kept its rate unchanged at VND26,223.
The State Bank of Vietnam’s reference rate was stable at VND24,975.
Globally the U.S. dollar advanced against major currencies, including the euro and yen, on Friday as markets grabbed safe-haven assets as geopolitical tensions in the Middle East following an Israeli attack on Iran, Reuters reported.
In afternoon trading, the dollar gained 0.3% to 143.88 against the Japanese yen and rose 0.1% to 0.8110 franc against the Swiss currency, with the greenback on track to snap two straight sessions of losses against safe-haven currencies.
“Historically speaking with these kinds of geopolitical events, you get the knee jerk reaction from the market … History tells us to kind of look past a lot of this stuff,” said Jack Janasiewicz, portfolio manager, at Natixis Investment Managers in Boston.
The dollar is still poised for a weekly loss against both the yen and the franc, with markets worried about Trump’s tariffs. The greenback was down nearly 1% versus the yen, on track for its largest weekly fall since mid-May.
