Dollar drops against dong

By Dat Nguyen   July 17, 2024 | 09:05 pm PT
Dollar drops against dong
U.S. dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar declines against the Vietnamese dong on Thursday morning.

Vietcombank sold its dollar at VND25,440, down 0.11%.

The State Bank of Vietnam lowered its rate by 0.02% to VND24,251.

The dollar went up 0.06% to VND25,615 at unofficial exchange points.

It has risen by 4.09% against the Vietnamese dong so far this year.

Globally Japan's yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months, Reuters reported.

The euro, which scaled a four-month peak overnight, hovered near that level at $1.094 and sterling was steady at $1.3007, just below the one-year top it had made in overnight trade.

The yen gained sharply on Wednesday and was up another 0.5% to touch 155.37 per dollar in the otherwise quiet early hours of the Asia session on Thursday.

 
 
go to top