Dollar inches down against dong

By Minh Hieu   July 4, 2024 | 11:11 pm PT
Dollar inches down against dong
A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong Friday morning.

Vietcombank sold the dollar at VND25,458, down 0.02% from Thursday.

The greenback slid 0.33% to VND25,825 on the black market.

The State Bank of Vietnam (SBV)'s reference rate was 0.02% lower at VND24,246.

Since the beginning of the year, the dollar has increased against the dong by 4.25%.

Globally, the U.S. dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely influence the outlook for rates, Reuters reported.

It is up 0.9% for the week, its best weekly performance since mid-May and remains the strongest-performing major currency against the dollar this year with a gain of 1.2%.

The euro was little changed at $1.0816 as traders refrained from making major bets with France gearing up for the run-off election on Sunday.

The dollar index, which measures the U.S. currency against six rivals, was down 0.1% at 105.05, close to its lowest point since mid-June.

The yen was 0.16% higher, up for a second straight day - something that hasn't happened since the start of June. It last fetched $161.095 per dollar, crawling slowly away from the 38-year low of 161.96 on Wednesday.

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