The U.S. dollar weakened against the Vietnamese dong Monday morning while holding mostly firm against major currencies.
Vietcombank sold the greenback at VND26,344, a 0.004% dip over the weekend. On the black market, the currency slid 0.18% to around VND27,350.
The State Bank of Vietnam increased its reference rate by 0.02% to VND25,090.
Globally, the dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level as nervous investors took stock of the escalating Iran war, with all eyes on the latest deadline from U.S. President Donald Trump to reopen Strait of Hormuz, Reuters reported.
“Investors are treating this as an oil-to-inflation-to-rates problem, which is why the dollar remains the cleanest haven for now, while gold, bonds and yen have all looked far less reliable than in a normal geopolitical scare,” said Charu Chanana, chief investment strategist at Saxo in Singapore.
With most of Asia and Europe closed for holiday on Monday, liquidity is likely to be thin, although risk-off sentiment has broadly set in at the start of the week.
The dollar index, which measures the U.S. currency against six rivals, was at 100.2. The euro eased 0.13% to $1.151 in early trading, while sterling last fetched $1.3187.
The Australian dollar was 0.13% higher at $0.6893, wobbling near the two-month low it hit last week. The Japanese yen weakened to 159.77 per U.S. dollar, not far from last week’s 21-month low.
