Dollar falls against dong

Vietcombank sold the greenback at VND26,250, down 0.23% from Thursday. The currency rose 0.04% to around VND25,910 on the black market.

The State Bank of Vietnam increased its reference rate by 0.04% to VND25,600.

Globally, the dollar was on shaky ground and set for a weekly loss on Friday, as investors viewed the U.S. Treasury's bond buyback gambit as merely a temporary fix, while raising fresh concerns about ‌officials' increasingly interventionist approach, Reuters reported.

The greenback was meanwhile on track for a weekly fall of more than 0.8% and was last at 98.82, languishing near a three-month low against a basket of six other currencies.

Against a weaker dollar, the euro was perched near a three-month high and last bought $1.1685, on track for a weekly rise of 1%. Sterling flirted with a six-month peak and edged 0.08% higher to $1.3643, taking its gains for the week thus far to 0.8%.

U.S. Treasury Secretary Scott Bessent said overnight he may further increase the government's repurchases of Treasuries. Bessent also said he and White House budget director Russell Vought will be embarking on a new fiscal consolidation effort directed by U.S. President Donald Trump.

The moves, however, did little to stem the selloff in U.S. Treasuries and weighed on the dollar, as investors grew wary of the deteriorating fiscal ⁠picture and worries about the credibility of U.S. institutions resurfaced.