Dollar rises against dong

By Minh Hieu November 4, 2025 | 08:44 pm PT

A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. Photo by Reuters

The U.S. dollar rose slightly against the Vietnamese dong Wednesday morning as it stood firm against major currencies.

Vietcombank sold the greenback at VND26,351, up 0.008% from Tuesday. The currency rose 0.09% to around VND27,850 on the black market.

The State Bank of Vietnam raised its reference rate by 0.008% to VND25,097.

Globally, the safe-haven Japanese yen and U.S. dollar garnered demand on Wednesday as an aggressive tech-led selloff on Wall Street spilled over into Asia, Reuters reported.

"Risk-off sentiment has been pervasive across markets in the past 24 hours," leading to "a stronger USD against all bar JPY and risk/growth sensitive currencies faring worse amongst the majors," said Ray Attrill, head of FX research for markets at NAB.

The U.S. dollar index - which measures the currency against the euro and sterling, along with the yen and three other peers - was steady at 100.18, after shooting as high as 100.25 for the first time since Aug. 1.

The greenback has also been buoyed by sharp divisions among the Federal Reserve board on the correct path for policy, suggesting low odds for an interest rate cut at the next meeting in December.

The yen added about 0.2% to 153.42 per dollar, extending a 0.7% gain from Tuesday. Sterling was flat at $1.3016 following Tuesday's 0.9% slide.

The New Zealand dollar sagged 0.1% to $0.5635 after tumbling 1.2% on Tuesday and touching a seven-month low. The Aussie drooped 0.2% to $0.6476.