An employee of a bank counts U.S. dollar notes at a branch in Hanoi, Vietnam, May 16, 2016. Photo by Reuters
The U.S. dollar strengthened against the Vietnamese dong Wednesday morning while trading near multi-week highs against some major peers.
Vietcombank sold the greenback at VND26,180, up 0.19% from Tuesday. On the black market, the currency was hovering at around VND25,770.
The State Bank of Vietnam hiked its reference rate by 0.04% to VND25,626.
Globally the dollar traded near multi-week highs against a handful of major currencies on Wednesday, ahead of a Federal Reserve policy decision that traders expect to bring the first of potentially several U.S. interest-rate hikes.
The U.S. dollar index, which tracks the greenback against a basket of six currencies, was near a two-week high at 99.675.
The dollar had strengthened alongside yields overnight, with the biggest moves against the yen and New Zealand dollar. The kiwi fell to a two-month low of $0.5749 in Asia morning trade, while the yen weakened to a one-week low of 155.43 per dollar.
The euro stood at $1.1535, close to Monday’s one-month low of $1.1523. Sterling was at $1.3470, slightly above its six-week trough of $1.3464 it had reached on Monday.