A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. Photo by Reuters
The U.S. dollar steady at the highest in two weeks against the Vietnamese dong Thursday morning.
Vietcombank sold the greenback at VND26,174, up 0.13% from Wednesday.
The State Bank of Vietnam hiked its reference rate by 0.12% to VND24,928.
On the black market, the dollar was sold at VND26,450, down 0.11%.
It has risen against the dong by 2.44% since the beginning of the year.
Globally the dollar took a breather on Thursday, following a sharp bounce after President Donald Trump backed away from threats to fire Federal Reserve chair Jerome Powell and his administration opened the door to a softer stance on China tariffs, Reuters reported.
After dipping below 140 yen on Tuesday, the dollar has rebounded off major chart support and was last at 143.25 yen on Thursday.
“We still think the balance of risks remains skewed to the downside for USD in the near term, but we don’t expect a repetition of the one-way traffic in dollar selling we have witnessed of late,” said ING currency strategist Francesco Pesole in a note to clients.
“That said, EUR/USD remains almost entirely a function of USD moves. And another leg higher above $1.15 remains possible should fears about the Fed’s independence take centre stage again.”
