A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey Nov. 11, 2021. Photo by Reuters
The U.S. dollar rose against the Vietnamese dong on the black market Monday afternoon as it slipped against major peers.
The greenback edged up 0.04% from the weeked to VND26,490 at unofficial exchange points. Vietcombank kept the currency stable at VND26,400.
The State Bank of Vietnam raised its reference rate by 0.01% to VND25,231.
Globally, the U.S. dollar extended declines on Monday as investors watched for the outcome of events due this week, from Tuesday’s key July U.S. CPI data and deadline for Washington and Beijing to strike a tariff deal, to a Russia-U.S. summit on Friday, Reuters reported.
“If I’d be playing it any way, I’d be long volatility this week,” said Tim Kelleher, head of institutional FX Sales at Commonwealth Bank in Auckland, citing the unpredictability of the looming events.
The dollar index fell 0.2% to 98.073 after last week’s fall of 0.4%. Against the yen, it traded at 147.46, or 0.20% weaker than late U.S. levels, with Japanese markets closed for the Mountain Day holiday.
The euro added 0.2% to $1.1670 and further away from a recent trough of $1.1392. The kiwi was little changed at $0.59545, while the British pound traded at $1.3465, up 0.1% so far on the day.
