Dollar dips against dong

By Minh Hieu October 26, 2025 | 10:52 pm PT

A bank employee counts U.S. dollar bills in Hanoi. Photo by VnExpress/Giang Huy

The U.S. dollar edged down against the Vietnamese dong Monday morning while reaching its highest in over two weeks against the Japanese yen.

Vietcombank sold the greenback at VND26,351, down 0.004% from the weekend. The currency rose 0.18% to VND27,750 on the black market.

The State Bank of Vietnam lowered its reference rate by 0.004% to VND25,097.

Globally, the U.S. dollar rose to a more-than-two-week high against the yen on Monday at the start of a packed week of global trade negotiations and central bank meetings, Reuters reported.

The dollar rose 0.15% to 153.07 against the yen and touched 153.17, the strongest since Oct. 10. The dollar index, which measures the greenback against select peers, rose 0.05% to 98.97.

The euro was steady at $1.1622. Sterling strengthened 0.04% to $1.3314. The Aussie gained 0.2% versus the greenback to $0.6528.

"Looking ahead we think that dollar firmness is likely to remain in the near term," Mahjabeen Zaman, head of foreign exchange research at ANZ, said on a podcast.

"Fed cuts are fully priced in for October and December meetings. So if anything, any cautious communication from the Fed would likely be more supportive for the U.S. dollar."