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 slightly against the Vietnamese dong Monday morning as it edged up against several major peers.
Vietcombank sold the greenback at VND26,300, a 0.04% uptick from the weekend. The currency fell by 0.23% to VND26,430 on the black market.
The State Bank of Vietnam marginally lowered its reference rate by 0.008% to VND25,126.
Globally, the euro fell to a three-week low against the dollar early on Monday while the Mexican peso also came under pressure after U.S. President Donald Trump threatened to impose a 30% tariff on imports from two of the largest U.S. trading partners, the EU and Mexico, beginning Aug. 1, Reuters reported.
The single currency later regained some ground and last traded 0.12% lower at $1.1679. Against the Mexican peso, the dollar rose 0.25% to 18.6699.
The dollar made limited gains elsewhere, with sterling down just 0.07% at $1.3481, while the Japanese yen rose 0.1% to 147.28 per dollar.
“It seems like financial markets have become insensitive to President Trump’s tariff threats now, after so many of them in the past few months,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia.
“Judging by the limited market reaction, markets might think that the latest threat from Trump is actually a maneuver to extract more concessions.”
