Dollar drops against dong

By Dat Nguyen September 29, 2025 | 07:37 pm PT

U.S. dollar and euro banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters

The U.S. dollar fell against the Vietnamese dong Tuesday morning while softening among major peers on the global market.

Vietcombank lowered its rate by 0.02% to VND26,446.

The State Bank of Vietnam’s reference rate declined by 0.02% to VND25,187.

On the black market the dollar went up 0.11% to VND26,620.

Globally the U.S. dollar was on the back foot on Tuesday in cautious trading as investors braced for a possible U.S. government shutdown that would halt economic data releases including the crucial jobs report later this week, Reuters reported.

Traders are currently pricing in 42 basis points of Fed easing by December and a total of 104 basis points by the end of 2026, about 25 bps less than levels seen in mid-September.

That could put the dollar in a vulnerable position in the near term, with the broader U.S. currency index, which has dropped 9.7% this year, easing a bit to 97.948 in early Asian hours. The euro was flat at $1.17275, while sterling was at $1.3433.