Dollar hits 7-week high against dong

By Dat Nguyen   October 15, 2024 | 12:00 am PT
Dollar hits 7-week high against dong
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 to the highest since Aug. 26 over the Vietnamese dong and jumped to a two-month high against major peers Tuesday morning.

Vietcombank sold the greenback 0.30% higher at VND25,095.

The State Bank of Vietnam raised its rate by 0.07% to VND24,177.

The greenback was steady at VND25,350 on the black market.

Globally the dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, while the yen inched closer to the key 150 per dollar level, Reuters reported.

The dollar index, which measures the U.S. currency against six rivals, was last at 103.18, just shy of 103.36, the highest level since Aug. 8 it touched on Monday. The index is up 2.5% and on course to snap its three-month losing streak.

The yen last fetched 149.55 per dollar in early trading, having touched a 2-1/2 month high of 149.98 on Monday when Japan was closed for a holiday. It last hit the 150 level on Aug. 1.

Meanwhile, the Australian dollar was steady at $0.67275, while the New Zealand dollar was 0.13% lower at $0.6089. The euro last bought $1.090825.

 
 
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