Dollar slips against dong on black market

By Minh Hieu November 3, 2025 | 12:25 am PT

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

The U.S. dollar fell against the Vietnamese dong on the black market Monday morning as it inched up against major peers.

The greenback dropped 0.17% to around VND27,804 at unofficial exchange points. Vietcombank maintained its rate at VND26,347.

The State Bank of Vietnam kept its reference rate stable at VND25,093.

Globally, the dollar firmed to a near three-month high on Monday as investors awaited the release of data this week to gauge the health of the U.S. economy and determine whether it could alter the Federal Reserve's hawkish stance, Reuters reported.

The yen languished near an 8-1/2-month low, pressured by wide interest rate differentials between the U.S. and Japan.

Against a basket of currencies, the dollar edged up slightly to 99.82, near its strongest level since August. The yen was recently 0.1% weaker at 154.15 per dollar.

The euro fell to a three-month trough and last traded at $1.1527. Sterling fell 0.26% to $1.3136 ahead of the Bank of England's rates decision this week; the central bank is expected to stand pat.

The New Zealand dollar was not far from a 6-1/2-month low and last traded $0.5721. The Aussie eased 0.05% to $0.6544 ahead of the Reserve Bank of Australia's rate decision on Tuesday.