U.S. dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar weakened against the Vietnamese dong Monday morning while remaining mostly firm against major peers.
Vietcombank sold the greenback at VND26,367, a 0.06% drop over the weekend. The currency was firm at VND26,876 on the black market.
The State Bank of Vietnam lowered its reference rate by 0.06% to VND25,112.
Globally, the U.S. dollar recovered from a selloff in early trade on Monday as investors hoped Washington may temper its latest escalation of the trade war with Beijing, while political developments in France and Japan undermined the euro and the yen, Reuters reported.
The dollar index, which measures the greenback’s strength against a basket of six currencies, edged higher to 99.002, retracing some losses sustained after U.S. President Trump announced 100% tariffs on China.
Against the yen, the dollar fetched 151.985 yen, up 0.5%. The euro stood at $1.1609, down 0.1%, after the French presidency announced Prime Minister Sebastien Lecornu’s new cabinet line-up on Sunday.
The Australian dollar fetched $0.6513, rising 0.6% in early trade, while the kiwi traded at $0.57345, up 0.3%. Sterling changed hands at $1.33415, up 0.1% so far on the day.
