An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by Read/Thanh Tung
The U.S. dollar fell against the Vietnamese dong Wednesday morning while trading mostly flat against major currencies.
Vietcombank sold the greenback at VND26,270, a 0.15% drop from Tuesday. On the black market, the currency fell 0.42% to around VND25,860.
The State Bank of Vietnam lowered its reference rate by 0.02% to VND25,611.
Globally, the dollar was rangebound in early Asian trading on Wednesday as an uneasy calm hung over currency markets, with investors awaiting inflation reports from major economies including the U.S. ahead of the Jackson Hole symposium this weekend, Reuters reported.
The U.S. dollar index, which measures the greenback’s strength against a basket of six currencies, snapped a three-day winning streak on Tuesday, and was holding steady at 98.918 in early Asian trading. The euro was flat at $1.1675, while the British pound was also unchanged at $1.3647. The yen was steady at 159.14 yen.
The greenback weakened 0.1% against the Canadian dollar to C$1.38405 per dollar, retracing some of its gains against the loonie over the past two days after Ottawa hit back on Tuesday with retaliatory tariffs on about $20 billion worth of U.S. annual imports and rolled out aid for businesses and workers, after trade talks with Washington collapsed last week.