U.S. dollar banknotes seen in an illustration. Photo by Reuters
The U.S. dollar went up slightly against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.11% higher at VND26,480. Vietcombank kept its rate unchanged at VND26,400.
The State Bank of Vietnam’s reference rate was steady at VND25,228.
Globally the dollar firmed on Friday but was heading for a weekly fall as weakening economic data leads traders to price in the probability of more interest rate cuts this year, and as investors evaluate U.S. President Donald Trump’s nominations to the Federal Reserve, Reuters reported.
The dollar has dropped since last week’s jobs report for July showed employers added fewer jobs than expected during the month, while job gains from previous months were also revised down sharply.
The dollar index nonetheless gained on Friday, which Osborne said was likely consolidation, with no fresh news to drive direction. It was last up 0.21% on the day at 98.19 but on track for a weekly loss of around 0.5%.
The euro fell 0.09% to $1.1655.
