Dollar falls against dong

By Minh Hieu   January 20, 2026 | 08:41 pm PT
Dollar falls against dong
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar weakened against the Vietnamese dong Wednesday morning while trading near three-week lows against some major currencies.

Vietcombank sold the greenback at VND26,380, a 0.02% drop from Tuesday. On the black market, the currency rose 0.15% to around VND26,712.

The State Bank of Vietnam lowered its reference rate by 0.02% to VND25,124.

Globally, the dollar languished near three-week lows against the euro and Swiss franc on Wednesday after White House threats over Greenland triggered a broad selloff in U.S. ‌assets, from the currency to Wall Street stocks and Treasury bonds, Reuters reported.

Declines in the dollar accelerated sharply overnight with a 0.53% slide in the dollar index - which measures the ‌currency against six major peers - marking its worst single-day performance in six weeks. On Wednesday, it was flat at 98.541.

The greenback tumbled more than 1% against Europe's shared currency at one point on Tuesday to reach the lowest since December 30 at $1.1770 per euro. It was last changing hands at $1.1720.

The dollar plunged nearly 1.2% to ‍reach 0.78795 Swiss franc on Tuesday, also the lowest since December 30, before recovering slightly to last trade at 0.78965 franc.

The dollar ⁠was steady against the yen, ⁠however, with the Japanese currency suffering its own selloff after Takaichi on Monday called snap elections and pledged a wave of measures to loosen fiscal policy.

Investors dumped dollar assets on "fears of prolonged uncertainty, strained alliances, a loss of confidence in U.S. leadership, potential retaliation and ‍an acceleration of de-dollarisation trends," said Tony Sycamore, market analyst at IG in Sydney.

 
 
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