Dollar dips against dong on black market

By Minh Hieu   February 3, 2026 | 09:08 pm PT
Dollar dips against dong on black market
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar fell against the Vietnamese dong on the black market Wednesday morning as it stood firm against major currencies.

The greenback dropped 0.03% to around VND26,536 at unofficial exchange points. Vietcombank kept its exchange rate steady at VND26,180.

The State Bank of Vietnam reduced its reference rate by 0.008% to VND25,067.

Globally, the U.S. dollar was steady on Wednesday as investors remained cautious after a partial government shutdown swiftly ended while the yen wobbled near a two-week low ahead of what is shaping up to be an unpredictable, national election over the weekend, Reuters reported.

The currency markets were still digesting Kevin Warsh's nomination by U.S. President Donald Trump as the next Federal Reserve chief, with the dollar broadly firming on expectations that Warsh is unlikely to push for rapid rate cuts.

The dollar index, which measures the greenback against six major currencies, was at 97.43, not far from the one-week high of 97.73 it touched on Monday. The index fell 1% in January after dropping 9.4% last year.

The euro was at $1.1814 in early trading, while sterling stood at $1.3693, steady ahead of policy meetings at the European Central Bank and the Bank of England on Thursday. Both central banks are expected to stand pat on rates.

The yen was slightly softer at 156.06 per dollar. The Australian dollar was at $0.7028 after a sharp 1% rise in the previous session. The New Zealand dollar edged lower at $0.604.

 
 
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