Dollar dips against dong

By Minh Hieu   October 16, 2025 | 08:57 pm PT
Dollar dips against dong
An employee counts U.S. banknotes at a bank in Hanoi, Nov. 14, 2022. Photo by VnExpress/Thanh Tung
The U.S. dollar slid against the Vietnamese dong Friday morning while heading for its biggest weekly drop in three months against major peers.

Vietcombank sold the greenback at VND26,356, down 0.03% from Thursday. The currency gained 0.14% to VND27,265 on the black market.

The State Bank of Vietnam lowered its reference rate by 0.03% to VND25,101.

Globally, the dollar remained on the back foot on Friday as global trade frictions and signs of weakness in the U.S. economy supported the case for more rate cuts by the Federal Reserve, Reuters reported.

The dollar index, which measures the greenback against a basket of currencies, is set for its biggest weekly drop in almost three months as an extended shutdown of the U.S. government blocked the publication of key economic data.

It was little changed at 98.23 and remained on course for a 0.6% slide this week - the biggest five-day retreat since late July.

Against the Japanese yen, the dollar weakened 0.2% to 150.12. The euro added 0.1% at $1.1701, while sterling also tacked on 0.1% to $1.3446.

"It's really hard to find a bullish scenario for the dollar index," said Pepperstone research strategist Dilin Wu. "Instead of betting on any currency by a single sovereign credit, people are rushing into gold, cryptocurrency, and other assets as a risk hedge."

 
 
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