An employee counts American notes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The US dollar rose slightly against the Vietnamese dong on Tuesday morning.
Vietcombank sold the dollar at 24,280 VND, up 0.17% from Monday.
The State Bank of Vietnam reduced its benchmark rate by 0.08% to VND23,959.
The dollar was sold for 24,200 VND on the black market.
It has increased against the dong by 2.32% since the beginning of the year.
Overall, the dollar was firm on Tuesday and the Aussie under slight pressure as traders awaited the Reserve Bank of Australia’s interest rate decision, betting that rates may have peaked. Reuters reported.
The Aussie was down 0.5% at $0.6431 in early trading. Weaker than expected inflation data for July makes markets almost certain that the spot rate will remain stable at 4.1% when the RBA announces its decision in the coming hours, well below US overnight rates which are are around 5.25 to 5.5%.
The Euro drifted higher from its recent lows and held steady at $1.0793 at the start of the Asian session. US Treasuries opened lower in Asia after the cash market closed on Monday, with 10-year yields up 3 basis points at 4.20%.