The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning.
The greenback was sold 0.23% higher at VND26,420. Vietcombank kept its rate unchanged at VND26,510.
Globally the dollar strengthened to a fresh 40-year high against the yen and climbed against the euro on Thursday as oil prices continued to shoot higher on rising hostilities in the Middle East, while the European Central Bank kept interest rates unchanged, Reuters reported.
The dollar has been rising in recent days as renewed strikes in the U.S.-Iran conflict have caused a reversal in oil prices and again fanned inflation fears, in turn buoying expectations the Federal Reserve may hike interest rates.
The U.S. economy is seen as more insulated from energy price shocks compared with Europe and Japan, which has also supported the dollar.
The dollar index, which measures the greenback against a basket of currencies, rose 0.36% to 101.47, with the euro down 0.33% at $1.1372. The dollar was on track for its biggest daily percentage gain in a month.
