Dollar shoots up against dong

By Dat Nguyen June 18, 2025 | 08:54 pm PT

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

The U.S. dollar rose against the Vietnamese dong and held steady over major peers Thursday morning.

Vietcombank sold the greenback 0.13% higher at VND26,276.

The State Bank of Vietnam hiked its reference rate 0.12% to VND25,025.

On the black market the dollar went up 0.34% to VND26,410.

Globally the dollar held steady on Thursday, as investors weighed Federal Reserve Chair Jerome Powell's cautionary tone on inflation, while the looming threat of a broader conflict in the Middle East and possible U.S. involvement left sentiment frail, Reuters reported.

The euro was last at $1.14805, heading for 0.6% drop in the week, its biggest weekly decline since early May. The yen firmed slightly to 144.86 per dollar and the Swiss franc last fetched 0.81895 per dollar.

The dollar index, which measures the currency against six other units, was at 98.957 and set for a 0.8% gain for the week, its strongest weekly performance since late February.