An employee counts U.S. banknotes at a bank in Hanoi. Photo by Read/Giang Huy
The U.S. dollar weakened against the Vietnamese dong Friday morning as it rose against several major peers.
Vietcombank sold the greenback at VND26,230, down 0.11% from Thursday. The currency dropped 1.05% to around VND26,505 on the black market.
The State Bank of Vietnam lowered its reference rate by 0.03% to VND25,044.
Globally, the dollar was set to gain 0.6% for the month, helped by a slightly more hawkish Federal Reserve after “several” policymakers signaled at January’s policy meeting their openness to rate hikes if inflation remains elevated, Reuters reported.
The dollar index, which measures the greenback against a basket of currencies, rose 0.04% to 97.77 on Friday, with the euro little changed at $1.1797.
The yen strengthened 0.2% to 155.86 per dollar. Sterling was steady at $1.3482.
The Australian dollar, which was steady at $0.7106, was on track for a monthly gain of roughly 2%.
Up more than 6% for the year thus far, it is the best-performing G10 currency to date, as a domestic economy in rude health fuels expectations for a more hawkish Reserve Bank of Australia.
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