An employee holds U.S. dollar bank notes at a money changer in Jakarta, Indonesia, April 9, 2025. Photo by Reuters
The U.S. dollar traded at a record high against the Vietnamese dong on Wednesday morning while holding firm against major peers.
Vietcombank maintained its exchange rate at VND26,420, a peak hit on Tuesday. It previously reached VND26,400 on July 29.
On the black market, the greenback was 0.02% lower at around VND26,495.
The State Bank of Vietnam hiked its reference rate by 0.05% to VND25,232.
Globally, the dollar was rangebound on Wednesday, with investors choosing to stay on the sidelines ahead of U.S. President Donald Trump’s pick to fill a coming vacancy on the Federal Reserve’s Board of Governors, Reuters reported.
Data out the same day also showed the U.S. services sector activity unexpectedly flatlined in July even as input costs climbed by the most in nearly three years, underscoring the hit from Trump’s tariffs on the economy, which has also begun to bite corporate earnings.
Still, those did little to sway the dollar, as traders were hesitant to take on fresh positions ahead of news on who would fill the Fed board vacancy.
The dollar was last little changed at 147.54 yen, while the euro ticked up 0.02% to $1.5760. Sterling last bought $1.3304. Moves in currencies overnight had been muted.
Against a basket of currencies, the dollar was last at 98.76, still some distance away from its peak of 100.25 hit on Friday before the nonfarm payrolls figures.
