An employee counts American notes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The US dollar fell against the Vietnamese dong on Tuesday to its lowest level since January 15.
Vietcombank sold the dollar at 24,675 VND, down 0.16% from Monday.
The State Bank of Vietnam’s benchmark rate was 0.05 percent lower at VND24,023.
The greenback fell 0.28% to 24,990 VND on the black market.
It has risen against the dong by 1.04% since the start of the year.
Asian currencies rose 0.1 to 0.4 percent, while the 10-year U.S. Treasury fell, extending its decline since Monday. The U.S. Treasury Department said it would need to borrow less than its previous estimates, boosting demand for U.S. Treasuries.
This development comes ahead of both the US Treasury’s quarterly repayment announcement and the US Federal Reserve’s policy review scheduled for Wednesday. Reuters reported.
The dollar lost 0.15% against the yen to 147.24 per greenback.
The euro was virtually unchanged at $1.0838.
Sterling last traded at $1.2716, holding firm ahead of the Bank of England’s monetary policy meeting this week.
