Dollar strengthens against dong on black market

By Dat Nguyen   July 23, 2025 | 11:18 pm PT
Dollar strengthens against dong on black market
A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey Nov. 11, 2021. Photo by Reuters
The U.S. dollar rose against the Vietnamese dong on the black market Thursday morning.

Unofficial exchange points sold the greenback at VND26,460, up 0.04% from Wednesday.

Vietcombank kept its rate unchanged at VND26,320.

The State Bank of Vietnam lowered its reference rate by 0.04% to VND25,166.

Globally the euro crept toward its highest level in nearly four years on Thursday while the yen held to gains following more progress on trade deals between the United States and its largest trading partners, which in turn lifted the broader market mood, Reuters reported.

The euro steadied at $1.1776, hovering near a high of $1.1830 it hit earlier this month, which marked its strongest level in more than three years.

"These trade frameworks agreed between the U.S. and the major economies are definitely positive for risk sentiment," said Carol Kong, a currency strategist at Commonwealth Bank of Australia.

"We actually anticipated a risk of the U.S. and the European Union getting into retaliation mode ... but that risk of a retaliation seems to have dissipated."

Against the yen, the dollar fell 0.3% to 146.01, extending its fall against the Japanese currency to a fourth straight session.

 
 
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