Dollar drops marginally against dong on black market

By Dat Nguyen July 16, 2025 | 11:14 pm PT

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado Nov. 3, 2009. Photo by Reuters

The U.S. dollar declined slightly against the Vietnamese dong on the black market Thursday morning.

Unofficial exchange points sold the greenback at VND26,420, down 0.04%.

Vietcombank kept its rate unchanged at VND26,330.

The State Bank of Vietnam lowered its reference rate by 0.03% to VND25,176.

Globally the yen slid on Thursday as concerns mounted over a pivotal election in Japan and a still elusive trade deal with the U.S. to avoid a punishing rise in tariffs, Reuters reported.

Japan's currency traded near a one-year low against the euro as polls showed Prime Minister Shigeru Ishiba's coalition was in danger of losing its majority in the upper house.

The U.S. dollar staged a meagre recovery after U.S. President Donald Trump denied he was planning to fire Federal Reserve Chair Jerome Powell.

The yen slid 0.4% to 148.48 to the dollar, trimming a 0.7% advance in the previous session. The Japanese currency weakened 0.3% to 172.51 per euro, after touching 173.24 on Wednesday, the weakest since July 12, 2024.

The dollar index, which measures the greenback against major peers, rose 0.2% to 98.503 after a 0.3% slide on Wednesday.