The U.S. dollar rose against the Vietnamese dong on the black market Thursday morning while hovering around a four-month high against major peers.
Unofficial exchange points sold the dollar 0.22% higher at VND27,450. Vietcombank kept its rate unchanged at VND26,325.
Globally the yen teetered on the cusp of a two-year low at the start of trading in Asia on Thursday, pressured by a firmer dollar as markets watched for how the Bank of Japan will balance inflation risks against slowing growth in the shadow of the Iran conflict, Reuters reported.
The yen was up 0.1% at 159.78, edging back from its weakest levels in two years as Japanese Finance Minister Satsuki Katayama said that authorities are on heightened alert for currency market volatility and that recent movements have been driven partly by speculators.
The U.S. dollar index, which measures the greenback’s strength against a basket of six currencies, edged down 0.1% to 100.11, holding near its highest levels of the last four months, as traders reined in bets that the U.S. Federal Reserve would cut interest rates later this year.
