An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar strengthened slightly against the Vietnamese dong and major peers on Wednesday morning.
Vietcombank sold the dollar at VND25,475, up 0.007% from Tuesday.
The greenback held steady at around VND25,730 on the black market.
The State Bank of Vietnam’s reference rate ticked up by 0.008% to VND24,262.
The dollar has risen against the dong by 4.32% since the beginning of the year.
Globally, the U.S. dollar recovered from a three-week low versus the yen on Wednesday and held its ground against other major rivals as traders pondered the chances of a Federal Reserve interest-rate cut this month, Reuters reported.
The U.S. dollar index, which measures the currency against six top counterparts including the yen and the euro, added 0.07% to 106.39.
The euro was little changed at $1.0506, where it has been making a home this week as the political crisis in France comes to a head. On Nov. 22, it had tumbled as low as $1.03315. Sterling was steady at $1.26645.
The dollar added 0.18% to 149.90 yen, continuing its recovery after dipping to 148.65 yen in the previous session for the first time since Oct. 11.
South Korea’s won stabilised following its plunge to a two-year low on Tuesday and then a partial recovery after President Yoon Suk Yeol first unexpectedly declared martial law and then abruptly reversed the decision just hours later following a standoff with parliament.
The won was little changed at 1,413.80 per dollar. It plunged as low as 1,443.40 per dollar for the first time since October 2022 in the previous session.
