An employee counts U.S. banknotes at a bank in Hanoi. Photo by Read/Giang Huy
The U.S. dollar fell against the Vietnamese dong Wednesday morning while trading mostly flat against major peers.
Vietcombank sold the greenback at VND26,359, a 0.02% decrease from Tuesday. The currency slid 0.56% to around VND27,204 on the black market.
The State Bank of Vietnam lowered its reference rate by 0.02% to VND25,104.
Globally, currency markets showed signs of fatigue early in Asian trade on Wednesday, with traders cautious over U.S. President Donald Trump’s efforts to bring an end to the war with Iran, Reuters reported.
The U.S. dollar index, which measures the greenback’s strength against a basket of six currencies, was down 0.1% at 99.126.
The euro edged higher, up 0.1% at $1.1619, with most other currency pairs remaining unchanged. The British pound was up 0.1% at $1.3428, while the New Zealand dollar was flat at $0.5834.
Against the yen, the U.S. dollar was steady at 158.645 yen. The Australian dollar fell as much as 0.2% to $0.6983 before rebounding to trade flat.
“For those reacting to every breaking headline around dialogue between the U.S. and its allies and Iran, including speculation of high-level talks and temporary ceasefire proposals, an element of fatigue is now firmly setting in,” said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne.
Comments are closed.