The U.S. dollar fell against the Vietnamese dong Thursday morning as it wobbled against major peers amid uncertainties in the Middle East ceasefire agreement.
Vietcombank sold the greenback 0.02% lower at VND26,357.
On the black market the dollar dropped 0.52% to VND26,960.
Globally the dollar remained on a shaky footing on Thursday after broad losses, as investors anxiously assessed whether a fragile two-week ceasefire between the U.S. and Iran would hold, Reuters reported.
The ceasefire deal appeared to be on thin ice, as Israel continued its parallel war against the Iran-aligned militia Hezbollah in Lebanon, while Tehran accused both Israel and the U.S. of violating the agreement and said that proceeding with peace talks would be “unreasonable.”
The Strait of Hormuz also remained shut to vessels sailing without a permit and shippers said they before resuming transit, ticking oil prices higher.
“There are probably some doubts emerging over whether the ceasefire expectations can really be sustained – or whether a ceasefire can even be finalized in the first place,” said Sho Suzuki, market analyst at Matsui Securities.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, wobbled to be down 0.01% at 99.05. The euro was up 0.01% at $1.1663 while sterling edged 0.01% higher to $1.3393.
