Dollar strengthens against dong

By Minh Hieu   October 21, 2026 | 12:35 am PT Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
Dollar strengthens against dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar rose against the Vietnamese dong on Wednesday morning while trading mostly firm against major currencies.

Vietcombank sold the greenback at VND26,070, up 0.04% from Tuesday. The currency climbed 0.11% to around VND26,080 at unofficial exchange points.

The State Bank of Vietnam lowered its reference rate by 0.02% to VND25,634.

Globally, the US dollar remained under pressure on Wednesday after slipping to a three-week low in the previous session, as a dip in Treasury yields and crude oil prices reduced the currency's appeal, Reuters reported.

The US dollar index, which measures the currency against six peers, was steady at 101.78 after declining 0.2% on ⁠Tuesday. The greenback was ⁠little changed at 158.33 yen, and was steady at $1.1229 per euro and $1.33735 versus sterling.

Investors have turned to the greenback as an investment haven amid market volatility brought about by war in the Middle East and AI frenzy, partly due to the currency's energy independence.

"Safe haven demand for the USD is likely to fade once the Middle East conflict ends and energy prices retreat," Carol Kong, economist ‌and ⁠currency strategist at Commonwealth Bank of Australia, wrote in a client note.

"However, we expect the USD to trend modestly higher in coming months as foreign capital inflows into US markets increase."

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