An employee counts U.S. banknotes at a bank in Hanoi. Photo by Read/Giang Huy
The U.S. dollar weakened against the Vietnamese dong Friday morning as it against major peers.
Vietcombank sold the greenback at VND26,463, a 0.008% dip from Thursday. The currency fell 0.14% to around VND26,562 on the black market.
The State Bank of Vietnam reduced its reference rate by 0.008% to VND25,203.
Globally, the U.S. dollar was on track for the biggest weekly drop in nearly three months on Friday, after a tepid June jobs report pushed back markets expectations for Fed rate hikes, providing some relief for the embattled yen, Reuters reported.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was 0.2% lower at 100.77 after a 0.5% decline on Thursday. It is currently down 0.58% for the week, the biggest weekly drop since early April.
Softness in the greenback continued in early Asian trade, with the euro hovering near its two-week peak at $1.1442. Sterling was also firm at $1.3361 and on track for a 1.2% weekly gain, its best in nearly three months.
The Japanese yen last traded at 161.01 per dollar after rallying nearly 1% in the previous session, lifting the currency from multi decade-lows as the greenback wobbled.
Comments are closed.