Dollar dips against dong

By Minh Hieu March 17, 2026 | 09:12 pm PT

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 Wednesday morning while holding mostly firm against major peers.

Vietcombank sold the greenback at VND26,320, down 0.004% from Tuesday. The currency fell 0.44% to around VND26,993 on the black market.

The State Bank of Vietnam lowered its reference rate by 0.004% to VND25,059.

Globally, the dollar took a breather on Wednesday as easing crude oil prices sparked a glimmer of risk appetite in the markets ahead of a slate of key central bank decisions, Reuters reported.

The dollar index, which measures the greenback against a basket of currencies, edged up 0.06% to 99.61 after a two-day decline. The euro was down 0.05% at $1.1532.

The yen weakened 0.01% against the greenback to 159.00 per dollar. Sterling held steady at $1.3355.

The Australian dollar strengthened 0.1% versus the greenback to $0.7109. New Zealand's kiwi rose 0.05% versus the greenback to $0.586.

The dollar reached a 10-month high at the end of last week as the Middle East conflict and rising oil prices prompted investors to seek safety in U.S. assets.

"With the rise in crude oil prices appearing to pause for the moment, it's not as though ⁠conditions have improved dramatically, but for now, markets across the board seem to be recovering somewhat," said Hirofumi Suzuki, chief FX strategist at Sumitomo Mitsui Banking Corporation.