By Minh Hieu   December 6, 2025 | 07:23 am PT
Image: A packet of U.S. five-dollar bills inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. Photo by Reuters.
The greenback showed a bit of energy against the Vietnamese dong on the black market this Saturday. This came after it sagged against major currencies in the previous trading session.
Interestingly, while the dollar ticked up 0.14%, reaching approximately VND27,455 at certain unofficial spots, Vietcombank held its ground, offering no change at VND26,408. In a similar fashion, the State Bank of Vietnam maintained its reference rate at a steady VND25,151.
On a broader scale, the global market saw the U.S. dollar slipping on Friday. Yet, it comfortably remained within familiar bounds against major counterparts. This comes as traders eagerly anticipate next week’s meeting of the Federal Reserve. Policymakers are expected to lower interest rates (source: Reuters).
The dollar index, a measure against six significant peers, experienced a dip of 0.1% at 98.994. This isn’t far from its Thursday five-week nadir of 98.765. Over the week, it fell by 0.5%.
Now, turning to the euro, it lingered near $1.16433, relatively unchanged since touching a three-week high of $1.1681 last Thursday. The British pound held steady at $1.3329, not straying too far from a six-week pinnacle of $1.3385 earlier.
As for the yen, it gained some support in recent sessions, likely buoyed by speculation that the Bank of Japan may raise rates soon. The yen inched up by 0.1%, settling at 155.295 against the dollar.
According to Antonio Ruggiero, an FX & macro strategist at Convera, “Some soft labour market data from alternative sources helped solidify an arguably exaggerated 90% chance of a rate cut next week.” Moreover, he added, “The dollar appears overvalued compared to major peers, making the softer tone quite justified.”
