A bank employee counts U.S. dollar bills in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar strengthened against the Vietnamese dong on the black market Tuesday morning.
The dollar rose 0.43% to VND27,015 at unofficial exchange points.
Vietcombank sold the dollar at VND26,497, unchanged from Monday.
The State Bank of Vietnam kept its reference rate stable at VND25,236.
Globally the dollar sank to an almost seven-week low as investors braced for U.S. data revisions that could show the jobs markets in worse shape than initially thought, shoring up the case for even deeper Federal Reserve interest rate cuts, Reuters reported.
The dollar index fell to the lowest since July 24 in Asia trade to 97.344 ahead of the release of preliminary benchmark revisions, opens new tab for jobs data covering the period from April 2024 to March 2025.
Economists anticipate a downward revision of as much as 800,000 jobs, which could signal that the Federal Reserve is behind the curve in efforts to achieve maximum employment.
Gold hovered not far from record highs, up 0.1% at $3,636.58.
