Dollar gains on black market

The U.S. dollar rose against the Vietnamese dong on the black market Friday afternoon.

Unofficial exchange points sold the greenback at VND25,750, up 0.53% from Thursday.

The State Bank of Vietnam kept its rate unchanged at VND24,246.

The dollar has risen 5.36% to VND25,750 against the dong this year.

Globally the dollar was poised to snap a two-week losing streak on Friday, as traders pondered the U.S. rates outlook, while the yen was steady after inflation in Japan accelerated for a second month, keeping the prospect of a rate hike there on the table.

The U.S. dollar was on the front foot in Asian hours after a stormy week that saw the yen, euro and sterling make significant gains against the greenback as investors fully price in a rate cut from the Federal Reserve as soon as September.

The yen was at 157.72 per dollar after touching a six-week high of 155.375 on Thursday, according to Bank of Japan data. This was in the wake of Tokyo’s suspected interventions last week that could total nearly 6 trillion yen ($38.14 billion).