Dollar gains over dong

By Dat Nguyen   May 29, 2024 | 11:23 pm PT
Dollar gains over dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar rose against the Vietnamese dong Thursday morning.

Vietcombank sold the dollar at VND25,470, up 0.02% from Wednesday.

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

The dollar went up 0.10% to VND25,865 on the black market.

The greenback has increased against the dong by 4.30% since the beginning of the year.

Globally the dollar scaled a two-week peak against its major peers on Thursday, as a rout in Treasuries improved the currency's allure due to both higher U.S. yields and demand for safe haven assets, Reuters reported.

The dollar pushed to a two-week top versus the euro and extended its rebound from a more than two-month low to sterling following a two-day, 15-basis point jump above 4.6% for long-term Treasury yields.

go to top