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 declined against the Vietnamese dong on the black market Friday morning as it headed for its biggest weekly loss in a year against major currencies.
The greenback fell 0.13% to around VND26,462 at unofficial exchange points. Vietcombank kept its exchange rate firm at VND26,381.
The State Bank of Vietnam maintained its reference rate at VND25,125.
Globally, the U.S. dollar was poised for its steepest weekly drop in a year on Friday after geopolitical tensions and abrupt policy shifts around Greenland unsettled investors, Reuters reported.
The dollar index, which measures the U.S. currency against six units, was at 98.366 after dropping 0.58% in the previous session, on course for a 1% slide, its worst weekly performance since January 2025.
The yen was slightly weaker at 158.70 following the BOJ’s rate decision and after it raised its economic and inflation forecasts, highlighting the central bank’s readiness to continue hiking still-low borrowing costs.
The euro was steady at $1.1746, hovering near the three-week high it touched earlier this week, while sterling fetched $1.3496, near a two-week high hit in the previous session.
In other currencies, the Australian dollar was steady at $0.6841 while the New Zealand dollar was 0.35% weaker at $0.5908.
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