U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar inched down against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.02% lower at VND26,325.
Vietcombank kept its rate unchanged at VND26,220.
The State Bank of Vietnam’s reference rate was steady at VND24,992.
The dollar rose against major currencies on Friday after data showed better-than-expected U.S. jobs growth in May despite a slowdown from the previous month, suggesting the Federal Reserve might wait longer to cut interest rates, Reuters reported.
The dollar was up 0.95% to 144.87 against the Japanese yen and added 0.26% to 0.822 against the Swiss franc. The greenback extended gains against both safe-haven currencies following the data.
The U.S. currency was headed for a second straight weekly gain against both the yen and franc, but it was still down about 8% year-to-date and about 9% year-to-date, respectively, against both currencies.
