Dollar declines on black market

By Dat Nguyen   July 1, 2024 | 09:38 pm PT
Dollar declines on black market
U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar fell slightly against the Vietnamese dong on the black market Tuesday morning.

Unofficial exchange points sold the greenback 0.08% lower at VND25,960.

Vietcombank sold the dollar marginally higher at VND25,465.

The State Bank of Vietnam kept its reference rate unchanged at VND24,245.

The dollar has risen over the dong by 4.28% since the beginning of the year.

Globally the U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency, Reuters reported.

The euro remained firm as rival French political parties joined forces to try and prevent the far-right National Rally (RN) from taking power.

The dollar was slightly stronger at 161.56 yen on Tuesday, keeping close to the overnight high of 161.72 yen, a level not seen since December 1986.

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