Dollar rises to 2-week high against dong

By Dat Nguyen March 17, 2025 | 08:10 pm PT

U.S. dollar and euro banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters

The U.S. dollar slightly gained against the Vietnamese dong Tuesday morning, highest since March 4.

Vietcombank hiked its rate 0.04% higher to VND25,730.

The State Bank of Vietnam lowered its reference rate by 0.004% to VND24,793.

On the black market the greenback rose 0.16% to VND25,840.

The dollar has risen 0.70% against the dong since the beginning of the year.

Globally the U.S. dollar wallowed near a five-month trough against the euro and other major peers on Tuesday as investors grappled with the potential economic impact of growing global trade tensions, Reuters reported.

The dollar index, which measures the currency against six key rivals, has dropped around 6% from the more than two-year peak of 110.17 hit in mid-January. It was last at 103.44, struggling to make a decisive move away from a five-month low of 103.21 touched last Tuesday.

The U.S. currency hardly got much support from retail sales data on Monday that showed a modest rebound in February after a revised 1.2% decline in January.

The euro hovered around $1.0919 ahead of an expected vote on Germany's massive stimulus package, not far off its highest level since October 11 at $1.0947 touched last week.