The U.S. dollar rose against the Vietnamese dong Thursday morning while hovering around the highest in more than week among major peers.
Vietcombank sold the greenback 0.02% higher at VND26,360. On the black market the dollar dipped 0.19% to VND26,600.
Globally the dollar wobbled near the highest in more than a week on Thursday as a standoff between Iran and the U.S. in the Middle East war and lack of progress in peace talks pulled oil prices back above $100 per barrel, weighing on investor sentiment, Reuters reported.
The dollar benefited in March on safe-haven demand as the war erupted but the prospect of a peace deal and a ceasefire at the start of this month spurred a risk-on rally, with the greenback giving up most of its gains.
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A U.S. dollar bill. Photo by Unsplash/alexandratimis |
The U.S. dollar index, which measures the currency against a basket of six major peers, was at 98.644, near its highest level since April 13. The index is on track for a moderate 0.4% gain this week following two weekly drops.
“Despite Trump’s ceasefire extension, tensions remain elevated with Iran refusing to reopen Hormuz while U.S. naval blockades persist, raising the risk of prolonged supply disruption,” Skye Masters, head of markets research at National Australia Bank, said in a note.
