Dollar drops against dong

By Dat Nguyen   June 24, 2024 | 09:49 pm PT
Dollar drops against dong
Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. Photo by Reuters
The U.S. dollar fell slightly against the Vietnamese dong Tuesday morning.

Vietcombank sold the dollar at VND25,465, down 0.04% from Monday.

The State Bank of Vietnam’s reference rate was unchanged at VND24,245.

The dollar went up 0.19% to VND25,950 on the black market.

It has increased against the dong by 4.28% since the beginning of the year.

Globally the U.S. dollar slipped from an eight-week high against the yen on Monday, with traders back on alert for government intervention to support the Japanese currency after it hit just shy of 160, a level that earlier triggered action from the Ministry of Finance to prop it up, Reuters reported.

The greenback rose to 159.94 earlier in the session, the highest since April 29, when the yen touched a 34-year low of 160.245. That led Japanese authorities to spend roughly 9.8 trillion yen to support the currency.

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