Vietcombank sold the greenback at VND26,330, up 0.08% over the weekend. On the black market, the currency gained 0.19% to around VND25,970.
The State Bank of Vietnam maintained its reference rate at VND25,600.
Globally, a wavering dollar teetered near multi-month lows on Monday in a market unsettled by the U.S. Treasury’s promise to buy back more long bonds, while traders awaited details of sanctions on Iran and on policy speeches this week in the U.S. and Japan, Reuters reported.
The Canadian dollar slipped 0.2% in early trade, to C$1.3798 per dollar, after trade talks with the U.S. collapsed and Washington imposed 50% tariffs on Canadian goods, with Canada retaliating in kind.
The euro was comfortably above $1.16 at $1.1685 while the yen kept to the strong side of 159 per dollar. The Australian and New Zealand dollars traded just shy of three-month highs at $0.7171 and $0.5979 respectively.
Sterling was firm at $1.3650 in morning trade and the yuan, which notched an eighth straight weekly rise last week, hovered near a 3/1-2 year high at 6.7222 per dollar.
“The U.S. Treasury’s attempts to artificially hold down long-term bond yields appears to be reigniting the $US debasement trade,” said Shane Oliver, head of investment strategy at Australian financial services firm AMP.