Dollar gains marginally against dong

By Dat Nguyen May 19, 2025 | 09:07 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 rose slightly against the Vietnamese dong Tuesday morning.

Vietcombank sold the greenback at VND26,140, up 0.08% from Monday.

The State Bank of Vietnam hiked its reference rate by 0.008% to VND24,968.

The dollar was 0.04% higher on the black market at VND26,440.

It has risen 2.31% against the dong since the beginning of the year.

Globally the greenback traded sideways after declining for a week, hemmed in by the Federal Reserve's caution over the economy and as U.S. lawmakers came closer to passing a bill expected to widen the nation's fiscal deficit, Reuters reported.

The greenback was little changed at 144.87 yen, after touching 144.66 on Monday that was the weakest since May 8. The dollar index was flat after sliding 0.6% in the previous session.

The U.S. dollar index has tumbled as much as 10.6% from its January highs, one of the sharpest retreats for a three-month period.