Dollar drops against dong – Read International
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong Tuesday morning.
Vietcombank sold the greenback 0.004% lower at VND26,357. On the black market the dollar dipped 0.07% to VND26,650.
Globally the dollar and yen were under pressure on Tuesday, with investors poised to buy riskier currencies and hoping for a U.S.-Iran deal to reopen Gulf shipping, while a sticky inflation reading lifted the New Zealand dollar, Reuters reported.
The euro stood at $1.1782 and sterling traded at $1.35225, both down roughly 0.1% so far on the day. The risk-sensitive Australian dollar weakened 0.1% to $0.7171 in early trading.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was steady at 98.087 after a 0.2% decline on Monday.
“I think the talks between those two parties will be the key driver in the next 24 hours,” said Carol Kong, currency strategist at the Commonwealth Bank of Australia. “Markets are just in a wait-and-see mode.”
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