U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar fell against the Vietnamese dong on the black market Wednesday morning while remaining little changed against major currencies.
At unofficial exchange points, the greenback dropped 0.13% to around VND27,074. Vietcombank kept its exchange rate stable at VND26,378.
The State Bank of Vietnam’s reference rate was steady at VND25,122.
Globally, the dollar hugged tight ranges on Wednesday ahead of a slew of U.S. economic data that could set the tone for the Federal Reserve’s rate outlook, something traders consider more consequential for currencies than ongoing geopolitical tensions, Reuters reported.
Ahead of the outcome, the dollar index was mostly stable at 98.58, while the New Zealand dollar last bought $0.5784.
Currencies were largely subdued in early Asia trade, with the Australian dollar the main mover as it fell 0.3% to a session low of $0.6717 in the wake of inflation data which undershot expectations, though it soon clawed back those losses.
Sterling was flat at $1.3502, while the Japanese yen was a touch stronger at 156.63.
The euro edged 0.03% higher to $1.1692, having lost 0.3% in the previous session after data showed inflation slowed more than expected in some of the euro zone’s biggest economies last month.
