Dollar rises against dong – Read International

Vietcombank sold the greenback at VND26,395, up 0.008% from Thursday. On the black market, the currency dropped 0.28% to around VND26,429 .

The State Bank of Vietnam hiked its reference rate by 0.008% to VND25,139.

Globally, the dollar extended its weakness against major currencies on Friday and was on track ‌to end the week lower, after reports the U.S. and Iran reached an agreement to extend the ceasefire in the Middle East for another 60 days and lift restrictions on shipping through the Strait of Hormuz, Reuters reported.

Oil prices fell and demand for the safe-haven dollar waned, although moves were tempered as investors remained cautious about a lasting resolution following mixed signals from both Washington and Tehran earlier in the week.

The dollar index, which measures the greenback against a basket of currencies, was largely flat at 98.997 after dropping 0.2% ‌on ⁠Thursday. It is now on track to snap two weeks of gains and end the week 0.3% lower.

The euro fetched $1.1653, up 0.03% so far in Asia, while the pound traded flat at $1.3445. The Japanese yen ⁠strengthened to 159.27 on the back of broad dollar weakness.

The Australian dollar was steady at $0.7164 and the New Zealand dollar rose 0.2% to $0.5946, near the strongest level in more than two weeks.

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