Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado Nov. 3, 2009. Photo by Reuters
The U.S. dollar rose marginally against the Vietnamese dong on the black market Tuesday morning.
Unofficial exchange points sold the greenback 0.11% higher at VND26,480.
Vietcombank sold the dollar at VND26,370, unchanged from Monday.
The State Bank of Vietnam lowered its reference rate by 0.08% to VND25,219.
Globally the dollar wavered as the rising odds of Federal Reserve rate cuts weighed on sentiment, while investors assessed the broader economic impact of U.S. tariffs unleashed last week, Reuters reported.
The dollar remained under pressure following Friday’s U.S. jobs report that showed cracks in the labour market, prompting traders to swiftly price in rate cuts next month.
The U.S. currency found its footing on Monday but was weaker in early trading on Tuesday. The euro last bought $1.1579 while sterling stood at $1.3298.
The dollar index, which measures the U.S. currency against six other units, was at 98.688 after touching a one-week low earlier in the session.
