Dollar tiptoes up against dong on black market

By Dat Nguyen May 26, 2025 | 08:55 pm PT

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado Nov. 3, 2009. Photo by Reuters

The U.S. dollar rose marginally against the Vietnamese dong on the black market Tuesday morning.

The dollar went up 0.11% to VND26,370 at unofficial exchange points.

Vietcombank kepts its rate unchanged at VND26,090.

The State Bank of Vietnam lowered its reference rate by 0.02% to VND24,935.

The dollar has gained 3.21% against the dong since the beginning of the year.

Globally the dollar struggled to regain its footing Tuesday as investor concerns over a sweeping tax and spending bill and its implications for the U.S. debt profile continued to undermine sentiment towards U.S. assets, Reuters reported.

The dollar dropped 0.3% to 142.35 yen. The dollar index, which tracks the greenback against other major trading partners, slid 0.1%, down for a third-straight session.

The European single currency was up 0.1% to $1.1399, trading near the highest since April 29. Sterling traded at $1.3581, up 0.1%.