U.S. dollar banknotes are seen in this illustration taken May 4, 2025. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.04% lower at VND26,410. Vietcombank kept its rate unchanged at VND26,490.
Globally the dollar was flat on Friday, but ended the week lower as tame U.S. inflation data led traders to cut bets on imminent rate hikes from the Federal Reserve, Reuters reported.
Iran and the U.S. exchanged intensifying fire in a week-long escalation that has largely unraveled last month’s truce, spurring safe-haven bids for the dollar and pushing oil prices to near one-month highs.
“The tech-led global equity market plunge and ongoing disruption to Strait of Hormuz traffic have triggered a flight to safety,” said Elias Haddad, global head of markets strategy at Brown Brothers Harriman. “USD recovered some of this week’s losses, and global bond yields edged a bit lower.”
Sourcee.vnexpress.net
