An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar firmed against the Vietnamese dong Monday morning as it strengthened against several major currencies.
Vietcombank sold the greenback at VND26,373, up 0.02% over the weekend. The currency rose 0.18% to around VND26,569 on the black market.
The State Bank of Vietnam hiked its reference rate by 0.02% to VND25,118.
Globally, the dollar advanced against its major peers in early Asia trade on Monday, supported by strong U.S. jobs data released late last week and as the U.S.-Iran ceasefire hung by a thread, boosting demand for the safe-haven currency, Reuters reported.
The dollar index, which measures the greenback’s strength against a basket of six currencies, was trading at 98.001 in early Asia.
The euro was down 0.2% at $1.1767, the yen slipped 0.1% to 156.905 yen per dollar and the British pound was 0.3% lower at $1.3597.
The risk-sensitive Australian dollar slipped 0.2% to $0.7234, while its kiwi counterpart weakened 0.3% to $0.5948.
U.S. President Donald Trump on Sunday rejected Iran’s response to a U.S. proposal for peace talks, dashing hopes for an imminent end to the 10-week-old conflict.
“We start the new trading week, as has so often been the case of late, reacting to geopolitical headlines,” said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne.
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