Vietcombank sold the greenback at VND26,462, down 0.004% over the weekend. On the black market, the currency went up 0.05% to around VND26,603.
The State Bank of Vietnam lowered its reference rate by 0.004% to VND25,202.
Globally, the U.S. dollar steadied near a two-week low on Monday as investors scaled back bets on a Federal Reserve rate hike this year, Reuters reported.
The dollar index, which measures the U.S. currency against six other units, was at 100.9 in early trading. The euro was at $1.1435, not far from its strongest level in two weeks, while sterling last bought $1.3351.
An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. Photo by Reuters |
The South Korean won firmed a touch on the first day of its historic 24-hour onshore spot dollar-won trading. It was fetching 1,534 per dollar.
The yen was at 161.57 per U.S. dollar, just off the 1986 low of 162.84 it touched last week, as traders remain nervous about possible intervention.
The U.S. dollar clocked its biggest weekly drop last week since April after the U.S. payrolls report showed job growth slowed sharply in June, easing market expectations of a rate hike from the Fed.
OCBC strategists though said the decline in the unemployment rate points to a still-tight labor market and should help keep Fed tightening expectations intact.
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