Dollar slips against dong

By Minh Hieu March 30, 2025 | 08:37 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 declined against the Vietnamese dong on Monday morning, continuing its downward trend against several major global currencies.

Vietcombank sold the greenback at VND25,720, down 0.16% from the weekend. The currency was firm at around VND25,960 on the black market.

Globally, the safe-haven Japanese yen rose on Monday as traders worried that U.S. President Donald Trump's tariffs will ignite inflation and crimp economic growth, Reuters reported.

Markets are nervous ahead of a new round of reciprocal levies that the White House is due to announce on Wednesday. Details are scarce, but Trump said late on Sunday that essentially all countries will be slapped with duties this week.

The dollar was under additional pressure from a flight to the safety of U.S. Treasuries, which sent the yield on the 10-year note sliding about 6 basis points to 4.1960% on Monday.

The drop in yields saw the dollar ease 0.4% to 149.14 yen, while the euro edged up to $1.0842 . The dollar index held at 103.880, having slipped for the previous two sessions.

The Swiss franc, another traditional safe haven, started the day by rising 0.3% to 0.8775 per dollar, but was last flat at 0.8807. The sterling added 0.17% to $1.2952.