Dollar edges up against dong, hovers near one-week high globally

Vietcombank sold the greenback at VND25,050, up 0.08% from Thursday.

The greenback was stable at VND25,200 on the black market.

The State Bank of Vietnam's reference rate rose by 0.01% to VND24,224.

Since the beginning of the year, the dollar has increased against the dong by 2.58%.

Globally, the dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts, Reuters reported.

The U.S. dollar index, which measures the currency against a basket of six major peers, was little changed at 101.34, after rising 0.36% on Thursday and touching the highest since Aug. 22 at 101.58.

It is on course for a 0.66% gain this week, which would be its best week since the start of August and snap a five-week losing streak. Over August though, it is set for a 2.6% drop, which would be its worst month since November.

The dollar eased 0.14% to 144.78 yen, after rising as high as 145.55 overnight for the first time since Aug. 23.

The euro was flat at $1.1082 and dropped as low as $1.10555 on Thursday.