Ella 
The U.S. dollar weakened slightly against the Vietnamese dong Monday morning. Vietcombank sold the dollar at VND25,457, down 0.01% from the weekend. However, the greenback rose 0.04% to VND25,780 on the black market. The State Bank of Vietnam (SBV) lowered its reference rate by 0.01% to VND24,245. Despite this slight dip, the dollar has increased against the dong by 4.25% since the beginning of the year.
Globally, the dollar rose on safety bids on Monday in the wake of the attempted assassination of former U.S. President Donald Trump. This event left the yen struggling to stay afloat despite Tokyo’s suspected intervention efforts, Reuters reported. Trading was thinned in Asia with Japan out for a holiday, though news of the Trump shooting dominated the cautious market mood and had investors narrowing the odds of a Trump victory in the upcoming November U.S. elections.
“The market reaction function to a Trump presidency has been characterized by a stronger U.S. dollar and a steepening of the U.S. Treasuries curve, so we might observe some of that this coming week if his election odds are assessed to have further improved following this incident,” said Rong Ren Goh, a portfolio manager at Eastspring Investments.
The dollar rose broadly and pushed the euro 0.21% lower to $1.0887, while sterling fell 0.18% to $1.2966. Against a basket of currencies, the greenback was little changed at 104.28. The dollar was last 0.34% higher at 158.08 yen, after having fallen to a roughly one-month low of 157.30 yen on Friday.
