Dollar inches up against dong, edges lower against major peers

By Minh Hieu September 15, 2024 | 11:26 pm PT

U.S. dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters

The U.S. dollar rose against the Vietnamese dong Monday morning while falling slightly against other major currencies.

Vietcombank sold the dollar at VND24,740, up 0.04% from the weekend.

The greenback was steady at VND25,030 at unofficial exchange points.

The State Bank of Vietnam lowered its reference rate by 0.14% to VND24,137.

The dollar has risen against the dong by 1.31% since the beginning of the year.

Globally, the yen lounged around its highest levels for the year on Monday in trading thinned by a holiday in Japan, as market participants vacillated over the expected size of the Federal Reserve's almost-certain rate cut later this week, Reuters reported.

The dollar index, a gauge of its value against six major peers, was 0.1% lower at 101. The euro was up 0.11% at $1.1088.

The dollar was flat at 140.86 yen, near where it finished last week and close to the 140.285 end-December low it struck on Friday. It fell 1.3% on the yen last week.