Dollar slides against dong

By Minh Hieu September 12, 2025 | 12:19 am PT

U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy

The U.S. dollar inched down against the Vietnamese dong Friday morning while heading for a weekly drop against major currencies.

Vietcombank sold the greenback at VND26,476, down 0.02% from Thursday. The currency was firm at around VND26,950 on the black market.

The State Bank of Vietnam lowered its reference rate by 0.02% to VND25,216.

Globally, the dollar remained under pressure on Friday as a surge in U.S. jobless claims and a modest tick up in inflation kept investors zeroed in on likely Federal Reserve interest rate cuts next week and beyond, Reuters reported.

The dollar index was last trading at 97.585, having snapped a two-day winning streak on Thursday and on track to record its second consecutive weekly decline.

Against the yen the dollar was trading flat at 147.27 yen, little changed after the U.S. and Japanese governments issued a joint statement on Friday, which reaffirmed that exchange rates should be "market determined" and that excess volatility and disorderly moves in exchange rates were undesirable.

The euro stood at $1.1727, depreciating 0.1% so far in Asia as traders curbed their bets on another European Central Bank rate cut this cycle.

The Australian dollar was last trading 0.1% firmer at $0.6665, holding steady near a 10-month high, while the kiwi slipped 0.1% to $0.5971. Sterling traded at $1.3572, slipping 0.1%.