An employee holds U.S. dollar bank notes at a money changer in Jakarta, Indonesia, April 9, 2025. Photo by Reuters
The U.S. dollar increased against the Vietnamese dong on the black market Tuesday morning and remained flat against major peers as investors expect developments in U.S.–Iran relations.
Unofficial exchange points sold the greenback 0.30% higher at VND26,910. Vietcombank kept its rate unchanged at VND26,361.
Globally the dollar was steady on Tuesday but set for a seventh straight daily drop, as markets weighed supply risks from a U.S. blockade of Iranian shipping in the Strait of Hormuz against hopes for a diplomatic breakthrough between Washington and Tehran, Reuters reported.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.05% to 98.39, hovering near its lowest since March 2, the first trading day after the U.S.-Israeli war with Iran erupted.
The greenback has benefited from a safe-haven bid since the conflict began, and the U.S., a net energy exporter, is also relatively better positioned to handle oil disruptions than other nations.
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