Dollar strengthens against dong – Read International

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 Friday morning amid a rise of the dollar index as it headed for the second weekly gain.

Vietcombank sold the greenback 0.02% higher at VND26,318. On the black market the dollar fell 0.18% to VND27,190.

Globally the dollar held gains on Friday and was set for its second weekly gain since the beginning of the war in Iran as turmoil in markets left it the last safe-haven standing, Reuters reported.

The euro traded near its weakest since ‌November while the yen was at levels that put traders on guard for possible intervention by authorities in Japan.

The dollar index, which measures the greenback against a basket of currencies, reached the highest level since November, thanks in part to its safe-haven appeal, but also because the United States is a net energy exporter.

The index fell 0.04% to 99.63 in early trading in Asia, poised for a 0.8% gain this week. The euro was up 0.13% at $1.1525.


Comments are closed.