U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong Monday morning while holding firm globally.
Vietcombank sold the dollar at VND25,530, down 0.04% from the weekend.
The greenback surged by 0.43% to VND25,860 on the black market.
The State Bank of Vietnam’s reference rate dropped by 0.04% to VND24,315.
Since the start of the year, the dollar has risen against the dong by 4.54% .
Globally, the dollar was steady on Monday after U.S. inflation data showed only a modest rise last month, easing some concerns about the pace of U.S. rate cuts next year, while the yen loitered near 156 per dollar, raising the possibility of intervention, Reuters reported.
The dollar index, which measures the U.S. currency against six of its largest peers, steady at 107.78 on Monday, near a two-year high of 108.54 touched on Friday.
The euro was languishing at $1.0434, near a two-year low it touched in November, and is down 5.5% this year.
The yen was easier at 156.65 per dollar, near a five-month low it touched on Friday. Sterling was little changed at $1.26.
