An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar strengthened against the Vietnamese dong Monday morning as it gained over several major peers.
Vietcombank sold the greenback at VND26,289, up 0.22% over the weekend. The currency traded at around VND26,720 on the black market.
The State Bank of Vietnam reduced its reference rate by 0.02% to VND25,038.
Globally, the euro slid, Swiss franc rose and dollar jumped on Monday as investors sought safety after the U.S. and Israel bombed Iran, killing Supreme Leader Ayatollah Ali Khamenei and raising the risk of protracted conflict in the Middle East, Reuters reported.
The franc climbed as much as 0.4% to 0.7661 a dollar in early Asian trade, before paring gains.
After knee-jerk appreciation, the yen weakened 0.2% to 156.235 yen against the dollar as traders digested the effect of the jump in energy prices on oil imports, while assessing what the conflict could mean for interest rates.
The euro fell 0.3% to $1.1784 and sterling slid 0.3% to $1.3451 on the potential for disruption to energy supply in Europe.
The risk-sensitive Australian dollar tumbled as much as 1.2% before paring declines to 0.3% and was last trading at $0.7096. The New Zealand dollar was last down 0.2% at $0.5979 after retracing an earlier decline of 0.8%.
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