Dollar gains over dong

By Dat Nguyen November 19, 2024 | 12:06 am PT

U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. Photo by Reuters

The U.S. dollar rose against the Vietnamese dong Tuesday morning, while the greenback weakened against the Japanese yen.

Vietcombank sold the greenback at VND25,507, up 0.02% from Monday.

The State Bank of Vietnam set its reference rate at VND24,293, up 0.02%. The dollar gained 0.08% to VND25,780 on the black market.

It has risen 4.35% against the dong since the beginning of the year.

Globally the yen got some much-needed respite on Tuesday as it steadied on the stronger side of 155 per dollar thanks to a pullback in the U.S. currency, which ran into profit-taking after a stellar rally that saw it scale a one-year high, Reuters reported.

The yen last edged 0.2% higher to 154.40 per dollar, recovering from its fall in the previous session after Bank of Japan Governor Kazuo Ueda stuck to his usual script and failed to offer any hints on whether a rate hike could come in December.

Sterling steadied at $1.2676, while the dollar index tacked on 0.04% to 106.26, after falling 0.4% overnight.