A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey Nov. 11, 2021. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong on the black market Thursday morning.
The greenback dropped 0.22% to VND26,620 at unofficial exchange points.
Vietcombank kept its rate unchanged at VND26,368.
Globally the dollar remained on the defensive on Thursday as hopes for a de-escalation in the Iran-U.S. war supported oil-exposed currencies, while Tokyo resumed its verbal intervention in support of the yen keeping speculators cautious, Reuters reported.
Analysts were worried any agreement that did not open the vital waterway to shipping would likely see oil prices rise again, with Brent edging 0.8% higher in early trading.
“It remains far from clear that there is any material movement toward reopening the Strait, or if we are instead stuck in a rebranded ‘ceasefire with no oil’ purgatory,” wrote Helima Croft, head of global commodity strategy at RBC Capital Markets.
“A corner of the market will undoubtedly view a one-page memorandum to resume negotiations over the next thirty days as significant progress,” she added. “However, an MoU is unlikely to translate into an immediate resumption of shipping traffic and major production restarts.”
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