U.S. dollar banknotes are seen in this illustration taken May 4, 2025. Photo by Reuters
The U.S. dollar rose marginally against the Vietnamese dong on the black market Thursday morning.
Unofficial exchange points sold the greenback 0.15% higher at VND26,400. Vietcombank kept its rate unchanged at VND26,410.
Globally the U.S. dollar wobbled on Thursday as new U.S. strikes in the Middle East undermined sentiment, while a surge in May U.S. consumer inflation to a three-year high kept investors uneasy about the Federal Reserve’s monetary policy outlook, Reuters reported.
The currency markets have been subdued this week, as investors weighed the fragile ceasefire in the Middle East against a renewed cycle of tit-for-tat strikes between the U.S. and Iran, eroding hopes for a near-term peace agreement.
The euro bought $1.1553, inching away from the 10-week low it hit last week, but has given up most of its gains since a ceasefire was struck in early April. The spotlight will be on the European Central Bank policy meeting later in the day as it looks poised to raise rates to tackle inflation.
Sterling was at $1.33905. The dollar index, which measures the U.S. currency against six major peers, eased to 99.903 after U.S. military said it has completed strikes against multiple targets in Iran.
Sourcee.vnexpress.net
