An employee counts American notes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The US dollar fell against the Vietnamese dong on the black market on Monday morning.
Unofficial exchange points sold the greenback at 25,000 VND, down 0.87% from Sunday.
Vietcombank kept its rate at a three-week high of VND24,680.
The State Bank of Vietnam increased its benchmark rate by 0.03% to VND23,979.
The greenback has appreciated by 1.06% against the dong since the start of the year.
Globally, the dollar was flat on Monday after last week’s data showing U.S. inflation remained stubborn cast doubt on when the Federal Reserve would begin its easing cycle, while the yen remained anchored near the psychologically key level of 150 per dollar. Reuters reported.
The dollar index, which measures the U.S. currency against six of its major rivals, began the week down 0.058% at 104.14 after posting five straight weeks of gains. The index is up 3% this year.
The yen has hovered around the 150 level in recent days, prompting officials to comment on the currency’s movements and keeping markets on alert for possible intervention by Japanese authorities.
