A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. Photo by Reuters
The U.S. dollar rose against the Vietnamese dong Monday morning and held steady against other major currencies.
Vietcombank sold the dollar at VND25,030, up 0.36% from the weekend.
The greenback increased by 0.16% to VND25,250 on the black market.
The State Bank of Vietnam raised its reference rate by 0.08% to VND24,153.
Since the beginning of the year, the greenback has increased by 2.5% against the dong.
Globally, Japan’s yen fell to its lowest in nearly two months and other major currencies too were grappling with losses early on Monday as the dollar extended a rally sparked by Friday’s strong U.S. jobs data and an escalation in the Middle East conflict, Reuters reported.
The yen fell marginally to hit 149.10, its weakest level since Aug. 16. But that came on top of a more than 4% decline last week, its biggest weekly percentage decline since early 2009.
The dollar index measure against major rivals was flat. It rose 0.5% on Friday to a seven-week high, logging more than 2% gains for the week, its biggest in two years. The euro stood at $1.0970, down 0.06%.
The dollar’s gains followed a U.S. jobs report that showed the biggest jump in jobs in six months in September, a drop in the unemployment rate and solid wage rises, all pointing to a resilient economy and forcing markets to reduce pricing for Federal Reserve rate cuts.