Dollar gains over dong – Read International

Vietcombank sold the greenback at VND26,190, up 0.04% from Thursday. On the black market, the currency slid 0.54% to around VND25,960.

The State Bank of Vietnam hiked its reference rate by 0.05% to VND25,636.

Globally, the US dollar headed for its third straight week of gains on Friday, perched at a 17-month high as a bond market rout pushed borrowing costs across the globe to multi-decade peaks in the face of inflationary fears over higher oil ‌prices, Reuters reported.

The dollar index, ⁠which measures the US currency against six rivals, was at 102.08, set for a 1% gain this week, its third consecutive weekly gain, a run it last had in May 2025.

The euro was at $1.1237, hugging its lowest level since May 2025, dragged by worries around France’s fiscal health. The yen was steady at 158 per US dollar.

Sterling was at $1.3187 while the Australian dollar was 0.18% softer at $0.6918, both hovering around their three-month lows.

Much of the dollar’s recent strength has come at the expense of the euro as the rising political risk in Europe and the energy shock from the seven-month-long war in the Middle ⁠East dented sentiment on the single currency.

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