Dollar inches down against dong, weakens globally

Vietcombank sold the dollar at VND25,020, down 0.04% from Thursday.

The greenback also slid 0.04% to VND25,340 at unofficial exchange points.

The State Bank of Vietnam raised its reference rate by 0.01% to VND24,175.

The dollar has increased by 2.46% against the dong since the beginning of the year.

Globally, the U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labor market boosted the case for quicker Federal Reserve rate cuts, Reuters reported.

The dollar index, which measures the currency against six peers, was at 102.84, down 0.3% from 103.17 on Thursday which was its highest level since Aug. 15.

For the week, the index is on track for 0.39% advance, building on the previous week's 2.06% surge.

The dollar added 0.06% to 148.68 yen , inching back towards Thursday's high of 149.58 yen, a level previously not seen since Aug. 2.

The euro was steady at $1.093650 after bouncing back overnight from a two-month low at $1.090025.

The one-month non-deliverable forward indicated that the rupee will open barely changed from 83.9675 in the previous session.