The greenback slid 0.11% to around VND26,420 at unofficial exchange points. Vietcombank kept its rate unchanged at VND26,450.
The State Bank of Vietnam hiked its reference rate by 0.03% to VND25,233.
Globally, the dollar extended its weakness on Wednesday after tumbling from a two-week high, as softer-than-expected inflation data curbed bets on a near-term Federal Reserve rate hike, despite concerns that elevated oil prices could fuel inflation risks, Reuters reported.
The U.S. dollar index , which measures the currency against a basket of six peers, was a shade weaker at 100.81. It fell 0.35% in the previous session for its biggest pullback in nearly two weeks.
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy |
Against the yen, the dollar fetched 162.08, down 0.1%. The euro and the British pound each gained 0.1%, trading at $1.1433 and $1.3401, respectively. The New Zealand dollar was also well bid at $0.5819, hovering around its strongest level in a month, and the Australian dollar was steady at $0.6983.
“While we continue to expect modest USD appreciation by year-end, near-term upside momentum may remain constrained in the absence of fresh catalysts,” said Sim Moh Siong, FX strategist at OCBC, noting the central bank officials had signaled its July decision would hinge on the June inflation reading.
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