Dollar gains against dong

By Dat Nguyen February 5, 2025 | 09:14 pm PT

U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. Photo by Reuters

The U.S. dollar rose slightly against the Vietnamese dong while tumbling to an eight-week low against the yen Thursday morning.

Vietcombank sold the greenback 0.32% higher at VND25,420.

The State Bank of Vietnam hiked its reference rate by 0.12% to VND24,425.

The dollar gained 0.63% to VND25,710 on the black market.

Globally the U.S. dollar slumped to an eight-week trough to the yen and lingered near a one-month low versus sterling on Thursday, as investor nerves about an inflation-stoking global trade war abated, Reuters reported.

The dollar sank 0.5% to 151.81 yen, the lowest since December 12, adding to a 1.1% slide on Wednesday.

The dollar index - which measures the U.S. currency against the euro, sterling, yen and three other major peers - stood at 107.57, not far from its overnight low of 107.29.

The index had jumped to a three-week high of 109.88 at the start of the week as Trump looked poised to impose 25% import tariffs on Mexico and Canada, but the countries won last-minute, one-month reprieves - although Washington did slap 10% tariffs on China.