Vietnam’s informal dollar quote rose nearly 1.1% to VND26,050 Monday, while the State Bank of Vietnam (SBV) cut its reference rate, highlighting diverging benchmarks for the currency, VnExpress reported.
VnExpress said Vietcombank’s quote was VND25,990, a 1.5-year low. The outlet put the SBV rate at VND25,631, down 0.02%.
Reuters described global currency trading as subdued Monday, with investor attention on this week’s U.S. midterm elections. It put the dollar at 101.83 against a currency basket, down 0.15%. The euro traded in Asia at $1.1182, near a 17-month low after Fitch revised France’s outlook from stable to negative, Reuters reported. The pound barely moved at $1.3394, while the yen weakened 0.1% to 157.73 per dollar.
