Dollar slides against dong

By Minh Hieu August 4, 2025 | 12:35 am 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 fell against the Vietnamese dong Monday morning as it inched up against major peers.

Vietcombank sold the currency at VND26,370, down 0.08% from the weekend. On the black market, the greenback was firm at around VND26,480.

The State Bank of Vietnam lowered its reference rate by 0.04% to VND25,240.

Globally, a battered dollar edged marginally higher on Monday after a dismal U.S. jobs report and President Donald Trump's firing of a top labor official stunned investors and led them to ramp up bets of imminent Federal Reserve rate cuts, Reuters reported.

Against a basket of currencies, the dollar edged up 0.2% to 98.86, after sliding more than 1% on Friday.

The greenback recovered some of its losses against the Japanese currency on Monday, last trading 0.14% higher at 147.60 yen. Still, it was down about 3 yen from its peak on Friday. The euro fell 0.2% to $1.1560, while sterling eased 0.1% to $1.3263.