U.S. dollar bills. Photo by Unsplash/Colin Watts
The U.S. dollar fell slightly against the Vietnamese dong Friday as it stayed steady among major peers.
Vietcombank sold the greenback 0.004% lower to VND26,367. On the black market the dollar declined 0.45% to VND26,500.
Globally the dollar started Friday’s Asian session on a firm footing against most major currencies after renewed hostilities broke out between the U.S. and Iran, while the Japanese yen held largely steady following fresh verbal jawboning from Tokyo, Reuters reported.
The dollar index measured against key peers was a touch firmer at 98.235. The rising tensions lifted the greenback for a second day from an over two-month low struck early in the week on hopes of a peace deal, putting it on track to finish the week largely flat.
“The path towards a lasting agreement is anything but linear,” wrote Chris Weston, head of research at Pepperstone.
“Traders have had to rethink the assumptions on the trajectory of the conflict and the normalization of vessel flows through Hormuz that had been made over the last couple of sessions.”
Comments are closed.