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 strengthened against the Vietnamese dong Friday morning as it headed for its best week in almost three years against major peers.
Vietcombank sold the currency at VND26,390, a 0.04% increase from Thursday. On the black market, the greenback rose 0.09% to around VND26,540.
The State Bank of Vietnam raised its reference rate by 0.04% to VND25,249.
Globally, the dollar was on track for its strongest week in nearly three years against major currencies, holding its gains on Friday after U.S. President Donald Trump announced new tariff rates on dozens of trading partners, Reuters reported.
The U.S. dollar index – which measures the currency against a basket of six major peers including the euro, yen, Swiss franc and Canada’s dollar – is on course to rise 2.5% this week, its best weekly performance since a 3.1% rally in September of 2022. On Friday, it rose 0.1% to 100.14, the highest since May 29.
Canada received a 35% levy instead of an earlier threatened 25%, pushing the loonie down 0.12% to C$1.3872, its lowest since May 22 versus its U.S. peer.
The Swiss franc eased as much as 0.26% to 0.8120 per dollar after Trump set a 39% duty on Swiss imports, up from the 31% he previously mooted.
Among Asian currencies, the Philippine peso slumped to its weakest level in six months. South Korea also saw the won swept up in the declines, with the currency falling to levels last seen in mid-May.
The euro remained pinned near an almost two-month low around $1.1412, as it continues to be weighed down by what markets see as a lopsided trade agreement with Washington.
