U.S. dollar banknotes are seen in this illustration taken May 4, 2025. Photo by Reuters
The U.S. dollar continued its decline against the Vietnamese dong on Thursday morning, hovering around the lowest in 18 months.
Vietcombank listed selling rate at VND25,890, down 0.27% from Wednesday. BIDV also cut its respective rate by 0.25% to VND25,890.
The State Bank of Vietnam set the daily reference exchange rate at VND25,623 on Thursday, down 0.02% from the previous session.
Globally the dollar edged lower in the aftermath of an overwhelming victory by Democrats in U.S. midterm elections that cleared a major source of uncertainty and fuelled a rally in global equities, Reuters reported.
The dollar index, which measures the greenback against a basket of currencies, fell 0.06% to 101.41, after a 0.36% decline in the prior session. The euro was up 0.12% at $1.1241. The yen strengthened 0.08% to 158.25 per dollar.