Dollar dips against dong on black market, tiptoes up globally

The dollar declined by 0.53% to VND25,160 at unofficial exchange points.

Vietcombank kept its rate unchanged at VND24,770.

The State Bank of Vietnam held its reference rate at VND24,202.

Globally the dollar rose in volatile trading on Friday after data showed U.S. employment grew less than expected in August, but indicated only a steady slowdown in the labor market, likely supporting gradual interest rate cuts by the Federal Reserve, Reuters reported.

The dollar, which initially fell against most major peers after the release of the jobs data, soon recovered ground to trade higher. The U.S. currency, a traditional safe haven, also found support as stocks and other risky assets sold off on Friday.

The euro was 0.3% lower against the dollar at $1.108225, jumping as high as $1.1155 right after the release of the payrolls report. The Dollar Index, which measures the U.S. currency's strength against six major peers, was up 0.2% at 101.21.