Dollar sinks to over 5-month low against dong

By Dat Nguyen   August 12, 2026 | 08:49 pm PT Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
The U.S. dollar on Thursday morning continued its decline against the Vietnamese dong, hitting the lowest since Feb. 28.

Vietcombank sold the greenback 0.08% lower at VND26,250. On the black market the dollar jumped 0.74% to VND25,990.

Globally the dollar's advance stalled on Thursday after an overall benign U.S. inflation reading overnight spurred traders to ‌pare back bets for a near-term Federal Reserve interest rate hike, Reuters reported.

The greenback was little changed against the yen as of Asia's midday, but remained on course to gain about 1% this week as markets bought back the currency pair following recent joint U.S.-Japan intervention that saw it plummet to a three-month low.

A U.S. dollar bill. Photo by Unsplash/alexandratimis

A U.S. dollar bill. Photo by Unsplash/alexandratimis

The dollar index, which measures the U.S. currency against the yen and five other major peers, was flat at 100 on Thursday, but on course for a 0.4% weekly rise.

The dollar changed hands at 159.44 yen, close to the 160 level that some market participants see as a line in the sand following the rare joint intervention at the end of July.

The action helped pull the exchange rate down ‌from near ⁠a four-decade peak close to 164 to 155.20 over the course of three days.

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