U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. Photo by Reuters
The U.S. dollar declined slightly against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.08% lower at VND26,250.
Vietcombank kept its rate unchanged for the fourth day in a row at VND26,160.
Globally the U.S. dollar was mostly flat against peer currencies on Friday after data showed a less-than-expected increase in inflation in January, suggesting the Federal Reserve could continue to hold rates steady in the near term, Reuters reported.
The Japanese yen was set for its strongest weekly gain in about 15 months.
U.S. Labor Department data on Friday showed that the consumer price index rose 0.2% last month compared with an estimate of 0.3% from economists polled by Reuters.
The euro was 0.02% higher at $1.1873 against the dollar, but was set to gain 0.5% this week.
Against the Swiss franc, the dollar weakened 0.22% to 0.76785 and was on course for a weekly loss of 1%.
The dollar’s relative weakness is partly driven by volatile U.S. policymaking in January, recent software sector selloff that has reduced U.S. equity market outperformance, and “idiosyncratic” developments in Asia, especially a steadily strengthening Chinese yuan, said Goldman Sachs analysts including Alexandra Kanter in an investor note.
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