Dollar dips against dong

By Minh Hieu   November 13, 2025 | 11:18 pm PT
Dollar dips against dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar weakened against the Vietnamese dong Friday morning while heading for a weekly loss against major peers.

Vietcombank sold the greenback at VND26,378, down 0.01% from Thursday. On the black market, the currency dropped 0.22% to around VND27,888.

The State Bank of Vietnam lowered its reference rate by 0.01% to VND25,122.

Globally, the dollar was on shaky ground on Friday and headed for a weekly fall, as investors awaited a backlog of U.S. data following the government's reopening, which they expect will likely point to a weakening economy, Reuters reported.

The dollar index, which measures the greenback against a basket of currencies, languished near a two-week low at 99.11. It was headed for a weekly fall of 0.45%.

The dollar slipped against the euro, which last bought $1.1641. The Swiss franc similarly held near an over three-week high and steadied at 0.7920 per dollar.

In other currencies, sterling fell 0.32% to $1.3149, failing to sustain its 0.45% overnight gain against a weaker dollar. The battered yen last stood at 154.34 per dollar, on track for a 0.6% weekly fall.

"Starting from next week, we're going to get a lot of economic data from the U.S., and we think it's going to be pretty bad," said Joseph Capurso, Commonwealth Bank of Australia's head of foreign exchange international and geoeconomics.

While that would normally fuel expectations of more aggressive Fed easing to shore up a weakening economy, Capurso said the impending patchy data releases may explain why Fed funds futures have moved the other way.

 
 
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