Dollar slips against dong

By Minh Hieu February 23, 2025 | 09:37 pm PT

An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung

The U.S. dollar weakened against the Vietnamese dong Monday morning as it fell against major peers.

Vietcombank sold the greenback at VND25,670, down 0.04% from the weekend. On the black market, the currency rose 0.08% to VND25,770.

The State Bank of Vietnam raised its reference rate by 0.03% to VND24,646.

Globally, the euro jumped to a one-month high and stock futures charged ahead on Monday after Germany's conservatives won the national election as expected, Reuters reported.

The euro touched a one-month top of $1.05245 in the Asian session, helped in part by a weaker dollar.

The dollar index dropped to 106.16 - the lowest since mid-December, with losses on the euro, sterling and Swiss franc.

Asian currencies were mostly higher. The dollar was pinned at 149.36 yen, having shed 2% last week to threaten chart support at 148.65.