An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar weakened against the Vietnamese dong while falling slightly against major peers on Monday morning.
Vietcombank sold the dollar at VND25,500, down 0.04% from the weekend. The greenback was stable at around VND25,650 on the black market.
The State Bank of Vietnam kept its reference rate unchanged at VND24,341.
Globally, the dollar was on the defensive at the start of a pivotal week on Monday as Donald Trump returns to the White House, with his inauguration speech later in the day the primary focus for investors hoping to decipher his immediate policies, Reuters reported.
The dollar index, which measures the U.S. currency against six peers, was 0.16% lower at 109.16 but remained close to the 26-month high of 110.17 touched last week.
The index has risen 4% since the election as traders expect Trump’s policies to boost growth but be inflationary, requiring interest rates to stay higher for longer.
The euro advanced 0.26% to $1.029775 but still near a two-year low touched last week as tariff threats weigh. Sterling rose 0.27% to $1.2201.
The yen was last at 156.18 per dollar, not far from the one-month high of 154.98 touched on Friday, with sources telling Reuters the BOJ was likely to raise its policy interest rate this week barring market shocks when Trump takes office.
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