A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey Nov. 11, 2021. Photo by Reuters
The U.S. dollar dropped to the lowest level since Dec. 11 against the Vietnamese dong Tuesday morning.
Vietcombank lowered its rate by 0.12% to VND25,470.
The State Bank of Vietnam’s reference rate dropped by 0.02% to VND24,336.
On the black market the greenback fell 0.08% to VND25,630.
Globally the dollar rebounded in choppy Asian trade on Tuesday after U.S. President Donald Trump suggested the United States could impose tariffs on Canada and Mexico in the near future, though details were lacking, Reuters reported.
The dollar index bounced 0.6% to 108.65, having shed 1.2% overnight in what had been the sharpest daily loss since late 2023.
The euro fell back to $1.0364, from an early top of $1.0434. The EU runs a sizable trade surplus with the United States and has been seen as a major target for Trump’s tariffs.
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