Dollar steadies against dong, major currencies

Unofficial exchange points sold the greenback at VND25,530, down 0.18% from Thursday.

Vietcombank kept its rate unchanged at VND25,210.

The State Bank of Vietnam also made no adjustment to its reference rate, which remained at VND24,254.

The dollar has risen 3.15% against the dong to to VND25,210.

Globally the dollar hovered near a two-week high to the yen after its biggest one-day gain against major peers in four weeks as firm U.S. economic data all but eliminated fears about a recession, Reuters reported.

The greenback was especially strong against the Japanese currency thanks to a surge in Treasury yields as traders pared back bets the Federal Reserve would be forced into aggressive easing next month.

The dollar index, which measures the greenback against six major peers including the yen, sterling and euro, was little changed at 103.20 after rallying 0.41% overnight, the most since July 18.

The dollar eased slightly to 149.11 yen, but remained close to Thursday’s high of 149.40, a level last seen on Aug. 2.