Dollar rises against dong

By Minh Hieu   November 20, 2025 | 08:41 pm PT
Dollar rises against dong
U.S. dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar strengthened against the Vietnamese dong Friday morning while heading for the biggest weekly gain in over a month against major currencies.

Vietcombank sold the greenback at VND26,392, up 0.02% from Thursday. The currency rose 0.38% to around VND27,645 on the black market.

The State Bank of Vietnam hiked its reference rate by 0.02% to VND25,136.

Globally, the dollar was on track for its best week in over a month on Friday as investors wagered the Federal Reserve is unlikely to cut rates next month, Reuters reported.

"The shutdown-delayed September jobs report did not provide clarity on what the FOMC will do at its much-debated December meeting," said economists at Wells Fargo in a note, who added that the Fed’s call for lowering rates last December was a "close" one and that a hold "would not surprise us at this point."

The dollar index, which measures the greenback against a basket of peers, flirted with a 5-1/2-month peak and last stood at 100.20. It was on track to clock a weekly gain of 0.9%, its best performance in over a month.

Against the dollar, the euro was pinned near a two-week low and last bought $1.1528, on track for a weekly decline of 0.8%. Sterling rose 0.11% to $1.3084, though was set to lose 0.7% for the week. The Australian dollar was up 0.09% at $0.6446. The New Zealand dollar rose 0.11% to $0.5588.

The yen languished near a 10-month low and was last at 157.33 per dollar, set to lose nearly 2% for the week, its worst performance in over a month.

 
 
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