The U.S. dollar saw a slight decline against the Vietnamese dong in the black market as trading began on Saturday morning. Unofficial exchange points reported the greenback selling for 26,325 VND, marking a 0.02% drop. Meanwhile, major player Vietcombank maintained its rate at 26,220 VND, while the State Bank of Vietnam’s reference rate held steady at 24,992 VND.
Beyond Vietnam’s shores, the dollar performed quite differently on the global stage. On Friday, it experienced a notable uptick against major currencies, buoyed by encouraging U.S. jobs data from May. This news, while highlighting a slowdown from the previous month, indicated that the Federal Reserve may be in no hurry to cut interest rates. As reported by Reuters, the dollar surged 0.95% against the Japanese yen, reaching 144.87, and climbed 0.26% to 0.822 against the Swiss franc. This trend means that the dollar is on track for a second consecutive weekly gain against these safe-haven currencies, though it still lags behind, down approximately 8% year-to-date against the yen and nearly 9% against the franc.
In a world where currency rates seem to dance with the latest economic news, it’s almost as if the dollar has a flair for drama!
What is the current exchange rate of the U.S. dollar against the Vietnamese dong?
The U.S. dollar is currently being traded at approximately 26,325 VND in the black market.
How did the dollar perform globally recently?
Recently, the dollar rose against major currencies based on stronger-than-expected U.S. jobs data, indicating the Federal Reserve might hold off on interest rate cuts.
What is the trend for the dollar against the yen and franc?
The dollar is experiencing a second consecutive weekly gain against both the Japanese yen and Swiss franc, although it remains down year-to-date against both currencies.
