The U.S. dollar rose against the Vietnamese dong Friday morning while heading for a weekly gain against major currencies.
Vietcombank sold the greenback at VND26,404, up 0.008% from Thursday. The currency gained 0.06% to around VND26,352 on the black market.
The State Bank of Vietnam raised its reference rate by 0.008% to VND25,147.
Globally, the U.S. dollar is headed for a weekly gain on Friday as Gulf tensions fuel safe-haven flows, Reuters reported.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was little changed at 99.434, on track for a weekly gain of 0.5%.
The euro stood at $1.1612, up 0.02%, and sterling was steady at $1.34228. Both are heading for small weekly losses.
U.S. President Donald Trump’s efforts to halt fighting in the Middle East and forge peace with Tehran are facing fresh obstacles, after the Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday while Israel said it would not withdraw troops from the country.
A flare-up in hostilities this week has pushed Brent futures firmly above $90 for a weekly gain and supported the dollar on safe-haven flows.
