Dollar increases against dong

By Dat Nguyen   March 2, 2026 | 08:36 pm PT
Dollar increases against dong
U.S. dollar banknotes are displayed in this illustration taken, Feb. 14, 2022. Photo by Reuters
The U.S. dollar rose against the Vietnamese dong Tuesday morning amid a global increase, driven by demand for safe-haven assets amid geopolitical uncertainties.

Vietcombank sold the greenback 0.03% higher at VND26,298. On the black market the dollar gained 0.22% to VND26,780.

Globally the dollar's sharp rally following U.S. strikes on Iran is reassuring investors the currency still functions as a global safe-haven, with the greenback reclaiming its traditional crisis-era role as geopolitical tensions flare in the Middle East, Reuters reported.

The U.S. dollar appreciated across the board, with the dollar index rising nearly 1%, its best day in seven months.

"Today is, I would say, a classic risk-off day from a U.S. dollar perspective," Eric Theoret, FX strategist at Scotiabank, said.

 
 
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