Dollar dips to near 5-month low against dong, tiptoes up globally

Vietcombank brought its rate down by 0.2% to VND25,000.

The State Bank of Vietnam set its reference rate 0.12% lower at VND24,224.

Unofficial exchange points kept the greenback unchanged at VND25,300.

Globally the dollar edged higher on Tuesday and major currencies traded sideways as lingering concerns over tensions in the Middle East partially offset investors’ optimism for imminent U.S. interest rate cuts, Reuters reported.

The yen was last 0.2% lower at 144.82 per dollar, giving up some of its safe haven gains from the previous session which saw it rise to a three-week high of 143.45 per dollar.

The euro and sterling dipped slightly to $1.1161 and $1.3182, respectively, though both weren’t far from their recent multi-month highs.