Dollar inches up against dong

By Dat Nguyen May 21, 2025 | 09:01 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 against the Vietnamese dong Thursday morning but dropped against major peers.

Vietcombank hiked its rate by 0.04% to VND26,150.

The State Bank of Vietnam lowered its reference rate by 0.03% to VND24,955.

The greenback dropped 0.19% on the black market.

It has risen 2.34% against the dong since the begining of the year.

Globally the U.S. fiscal concerns and a tepid auction of Treasury bonds slapped the dollar to a two-week low versus the yen on Thursday, while President Donald Trump tried to push his sweeping spending and tax-cut bill through Congress, Reuters reported.

The dollar slipped to 143.27 yen early in Asia, the weakest level since May 7.

The euro was last flat at $1.1330, after rising 0.4% on Wednesday for a third straight session of gains.

Bitcoin pushed to a fresh all-time high on Thursday, partly as investors sought out alternatives to U.S. assets. Gold also benefitted, reaching an almost two-week top of $3,325.79 and putting it within $175 of April's record peak.