A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey Nov. 11, 2021. Photo by Reuters
The U.S. dollar rose against the Vietnamese dong but dropped against major currencies Thursday morning.
Vietcombank hiked its rate by 0.04% to VND26,210.
The State Bank of Vietnam’s reference rate went up 0.03% to VND24,990.
The greenback was 0.21% higher on the black market.
Globally the dollar slid on Thursday on further signs that U.S. President Donald Trump may adopt a softer stance in tariff negotiations and heightened expectations of Federal Reserve rate cuts, Reuters reported.
The greenback lost 0.43% against the yen and 0.34% against the Swiss franc to last trade at 143.98 and 0.81725, respectively.
Against a basket of currencies, the dollar fell to its weakest since April 22 at 98.327.
The euro was clinging to strong gains, having jumped against most other currencies in the previous session.
“Expectations of fewer previously expected European Central Bank rate cuts have lent some support to the euro,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia.
