An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar stood firm against the Vietnamese dong on Friday as it fell against major currencies.
Vietcombank kept its exchange rate unchanged at VND26,510. On the black market, the greenback was mostly flat at around VND26,910.
The State Bank of Vietnam maintained its reference rate at VND25,248.
Globally, the dollar declined versus major peers on Friday, trimming its weekly gain as bond markets stabilised and traders awaited key U.S. jobs data expected to firm up the case for an interest rate cut by the Federal Reserve, Reuters reported.
The dollar index, which tracks the greenback against a basket of currencies of other major trading partners, dipped 0.2% to 98.018, trimming its gain for the week back to 0.2%.
The dollar dropped 0.2% to 148.14 yen. The euro was up 0.2% on the day at $1.1682. The Australian dollar rose 0.4% to $0.6544 . The New Zealand dollar rose 0.6% to $0.58785.
In the UK, retail sales data for July came in hot but failed to move the dial on sterling, which was last up 0.2% at $1.34695.
Data on Thursday showing higher-than-expected applications for jobless benefits in the U.S. served as a prelude to the more critical nonfarm payrolls report.
Anxiety over U.S. President Donald Trump’s meddling with Fed policy and his unpredictable tariff regime has made investors shy about holding dollar assets of late, said Bart Wakabayashi, the Tokyo Branch Manager of State Street.
“I do think there is room for the dollar buying to come back at some point. Maybe investors are just waiting for the rate cut to happen and then pile back in,” Wakabayashi said.
