Dollar hits 5-week low against dong

By Dat Nguyen September 17, 2025 | 08:38 pm PT

U.S. dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters

The U.S. dollar fell against the Vietnamese dong Thursday to the lowest since August 14 but remained stable against major peers after a reduction in U.S. Federal Reserve’s rates.

Vietcombank lowered its reference by 0.05% to VND26,445.

On the black market the greenback fell 0.04% to VND26,540.

Globally the U.S. dollar was steady early on Thursday following its plunge to a 3-1/2-year low and then forceful rebound as traders grappled with the ramifications of the Federal Reserve's measured rhetoric on further interest rate cuts, Reuters reported.

The dollar dropped to the lowest since February 2022 at 96.224 against a basket of major peers immediately after the rate decision, but sprang back vigorously to be as much as 0.44% higher on the day at 97.074. It rose slightly on Thursday to stand at 97.095.

"The revised forecasts highlighted the degree of uncertainty that remains over the outlook," said Elliot Clarke, head of international economics at Westpac.

"The timing and scale of the forecast rate cuts also point to lingering risks for inflation."