Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado Nov. 3, 2009. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong on the black market Wednesday morning while remaining mostly steady against major currencies.
The greenback slid 0.19% from Tuesday to around VND27,649 at unofficial exchange points. Vietcombank kept its exchange rate stable at VND26,410.
The State Bank of Vietnam maintained its reference rate at VND25,153.
Globally, the dollar was becalmed on Wednesday, as other assets hogged the limelight, though investors looking ahead to 2026 were starting to position for U.S. rate cuts to weigh on the greenback, Reuters reported.
In morning trade, the Australian dollar touched a three-week high of $0.6576 before retreating a little after gross domestic product data was slightly below expectations.
Overnight the euro cleared its 50-day moving average, after euro zone inflation came in very slightly above expectations, and it bought $1.1629 early in the Asia session.
The Japanese yen was steady at 155.70 per dollar, with bets firming on an interest rate hike this month, in contrast with the U.S. where a cut is 85% priced in for the Federal Reserve’s meeting next week.
Sterling was steady at $1.3222, as was the safe-haven Swiss franc at 0.8022 per dollar. The New Zealand dollar hovered at $0.5730.
