The U.S. dollar rose against the Vietnamese dong Wednesday morning while trading at six-week highs against several major currencies.
Vietcombank sold the greenback at VND26,373, a 0.008% uptick from Tuesday. The currency went up 0.08% to around VND26,614 on the black market.
The State Bank of Vietnam raised its reference rate by 0.008% to VND25,135.
Globally, the U.S. dollar was steady near a six-week high on Wednesday as investors come to terms with the possible need for higher interest rates to tackle inflation due to the Iran war, pushing the Japanese yen back into the intervention zone, Reuters reported.
Against a basket of currencies, the dollar was steady at 99.306. The index is up more than 1% this month.
The euro last bought $1.1608, having touched its lowest level since April 8 in the previous session. The British pound was at $1.3398, not far from a six-week low it touched earlier this week.
The Australian dollar, often seen as a barometer for risk sentiment, was 0.14% lower at $0.7097, while the New Zealand dollar fell 0.24% at $0.5822.
