An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. Photo by Reuters
Vietcombank sold the greenback at VND26,400, down 0.04% from Tuesday. On the black market, the currency hovered at around VND25,800.
The State Bank of Vietnam raised its reference rate by 0.07% to VND25,598.
Globally, the U.S. dollar drifted near multi-month lows against major peers on Wednesday as Treasury yields eased from recent highs, with investors awaiting minutes of the Federal Reserve’s latest policy meeting for clues on the path of interest rates, Reuters reported.
The dollar index, which measures the U.S. currency against six major peers, was down marginally at 99.65.
The euro inched higher to $1.1577, remaining close to the two-month high touched earlier this week. Sterling was little changed at $1.3533, near a three-month high.
The Japanese yen was little changed at 159.56 per dollar, having given back much of its intervention gains, but it is still well off a multi-decade low of about 164.
Data released in the past few weeks have pointed to a softer U.S. economy, including unexpected job losses in July and mild inflation readings, leading investors to scale back rate-hike bets.
“The labour market and inflation surprise are rolling over and usually that coincides with a narrowing in the dollar’s yield advantage, and that feeds through into a softer dollar,” Harvinder Kalirai, chief global fixed income and currency strategist at Alpine Macro, said in a client webcast.