Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico Jan. 15, 2018. Photo by Reuters
The U.S. dollar strengthened slightly against the Vietnamese dong Monday morning while holding firm against major peers.
Vietcombank sold the greenback at VND26,448, down 0.01% from the weekend. The currency were steady at around VND26,565 on the black market.
The State Bank of Vietnam raised its rate by 0.01% to VND25,189.
Globally, the dollar was steady on Monday as traders looked ahead to a slew of speeches from Federal Reserve officials throughout the week that could provide further clues on the U.S. rate outlook, after the central bank resumed its easing cycle last week, Reuters reported.
Currency moves in the early Asia session were more subdued after a volatile ride last week following a raft of rate decisions including that of the Fed, the Bank of England and the Bank of Japan.
The yen was last 0.16% lower at 148.22 per dollar, paring its gains from Friday after a hawkish shift in the BOJ’s rhetoric raised the prospect of a near-term rate hike.
Sterling, meanwhile, fell to a two-week low of $1.3458, pressured by domestic headwinds after a surge in UK public borrowing and a BoE rate decision that laid bare the challenge for policymakers in balancing growth and inflation.
The euro was down 0.07% to $1.1738, while the Aussie eased 0.02% to $0.6589.
