Dollar inches up against dong and major peers

Vietcombank sold the greenback at VND24,780, up 0.04% from the weekend.

The greenback rose by 0.24% to 25,220 at unofficial exchange points.

The State Bank of Vietnam (SBV)’s reference rate was reduced by 0.1% to VND24,177.

The dollar has increased against the dong by 1.47% since the beginning of the year.

Globally, the dollar held to tight ranges on Monday while the yen pared its safe-haven gains, as investors were undecided on the scale of a Federal Reserve rate cut expected later this month and looked to this week's U.S. inflation reading for more clues, Reuters reported.

Against a basket of currencies, the dollar edged up 0.04% to 101.24.

The yen surrendered some of its gains after having risen 2.73% last week as risk aversion gripped markets and in the wake of some volatility following the nonfarm payrolls report.

It was last 0.36% lower at 142.81 per dollar. The euro slipped 0.04% to $1.1081.