Dollar slides against dong

Vietcombank sold the greenback at a record VND26,480, down 0.15% over the weekend.

The currency has lost most of its gains from last week, when it broke multiple records to reach VND26,562. On the black market, the dollar was firm at around VND26,648.

Globally, the U.S. dollar attempted on Monday to pull itself up from a four-week low on the euro after a dovish pivot from Federal Reserve Chair Jerome Powell sent it tumbling more than 1%, Reuters reported.

The U.S. dollar index rose 0.2% against its rivals. The greenback added 0.2% to $1.1699 per euro early in the Asian day, but remained not far from Friday's low of $1.174225, a level not seen since July 28.

It rose 0.1% to $1.3502 versus sterling following a 0.8% slide in the prior session. It added 0.4% to 147.46 yen, clawing back part of Friday's 1% tumble.

The risk-sensitive Australian dollar briefly leapt to a one-week high of $0.6523 on Monday before pulling back to trade slightly down at $0.6484. In the previous session, it surged 1.1%.

Powell in a closely watched speech at the Fed's annual Jackson Hole symposium on Friday opened the door to an interest rate cut at the central bank's September meeting.

"Chair Powell's Jackson Hole message cleared the market's low bar for dovishness following a steady erosion in Fed cut pricing," Goldman Sachs analysts wrote in a client note. "It will be up to the data to determine the pace and depth of cuts."