U.S. dollar banknotes are seen in this illustration taken May 4, 2025. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.11% lower at VND26,720. Vietcombank maintained its rate at VND26,454.
Globally the dollar heads into the second half of 2026 on a high, thanks to bets for higher U.S. interest rates and an unquenchable thirst for U.S. assets from investors chasing the “American exceptionalism” that may spell more pain for other currencies, Reuters reported.
It is the best performing currency at the half-year point, up 3% and contrasts with a year ago, when it was nursing a fall of more than 10%, in its biggest first-half dive since the early 1970s, on U.S. tariff policy.
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