The U.S. dollar rose against the Vietnamese dong Monday morning while trading firm against major peers.
Vietcombank sold the greenback at VND26,442, a 0.008% increase over the weekend. The currency rose 0.07% to VND26,618 on the black market.
The State Bank of Vietnam’s reference rate increased by 0.008% to VND25,183.
Globally, the dollar was steady on Monday after the first round of U.S.-Iran talks ended, although threats from President Donald Trump to restart the war in the Middle East and Tehran’s announcement it had closed the vital Strait of Hormuz left investors nervous, Reuters reported.
Sterling eased 0.21% to $1.32103, while the Japanese yen slipped to 161.55 per dollar, hovering near a two-year low reached last week.
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy |
The euro cut its losses to fetch $1.14647. The risk-sensitive Australian dollar was flat at $0.7011 having dipped earlier in the session, while the New Zealand dollar last bought $0.573.
“The physical market remains tight and that should provide some support, but flows in FX and commodities, particularly gold, will continue to be heavily influenced by developments in the energy complex,” said Chris Weston, head of research at Pepperstone.
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