The U.S. dollar fell slightly against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback at VND25,680, down 0.08% from Friday.
Vietcombank kept its rate unchanged at VND25,380, the lowest in three weeks.
The State Bank of Vietnam’s reference rate was steady at VND24,242.
The dollar has risen 3.85% against the Vietnamese dong since the beginning of the year.
Globally the U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September as the economy sours, Reuters reported.
The dollar index was last down 1.1% at 103.21 and got as low as 103.12, the lowest since March 14. It is the largest one-day percentage drop since November.
The greenback weakened 1.84% to 146.62 Japanese yen and got as low as 146.42, the lowest since Feb. 2.
The yen has gained since hitting a 38-year low of 161.96 against the dollar on July 3, boosted by interventions by Japanese authorities and traders unwinding carry trades in which they were short the yen and long U.S. dollar assets.
