The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the dollar 1.04% higher at VND26,140. Vietcombank kept its rate unchanged at VND25,910.
Globally the dollar was on track for its strongest weekly rise in two months on Friday, holding near a 19-month high as rising bets on a larger Federal Reserve rate hike lifted U.S. Treasury yields, while the yen hovered around 160 per dollar and kept traders alert for possible intervention from Tokyo, Reuters reported.
The euro was down 0.26% at $1.103, after hitting its lowest level against the dollar since April 2025. It was on course for its fourth straight week of losses.
|
U.S. dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters |
The dollar was up 0.47% at 0.839 against the Swiss franc and was set to snap two straight weeks of losses.
“The dollar is still firm and that’s driven by a robust jobs report and an acceleration of the CPI,” said Marc Chandler, chief market strategist at Bannockburn Global Forex. “We’ve had a series of hawkish comments from Fed officials this week including from (New York Fed President John) Williams and (Fed Governor Christopher) Waller.”