Dollar rises on black market

By Dat Nguyen   April 11, 2023 | 08:27 pm PT
Dollar rises on black market
Dollar banknotes are seen through a printed stock graph in this illustration taken February 7, 2018. Photo by Reuters/Dado Ruvic
The U.S. dollar rose marginally against the Vietnamese dong on the black market Wednesday morning.

Unofficial exchange points sold the greenback at VND23,470, up 0.04% from Tuesday.

Vietcombank maintained the dollar at VND23,630.

Eximbank kept it unchanged at VND23,600, and the rate at Techcombank remained at VND23,620.

The State Bank of Vietnam raised its reference up 0.01% to VND23,608.

The dollar has fallen against the dong by 0.42% since the beginning of the year.

Globally the U.S. dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes, Reuters reported.

Following last week’s solid U.S. jobs data, all eyes are now on the inflation report, with currency moves subdued ahead of the release.

Sterling rose 0.04% to $1.2432 while the euro was last 0.1% higher at $1.0924, with both currencies some distance away from their one-week lows hit on Monday.

Against a basket of currencies, the U.S. dollar index fell 0.05% to 102.07.

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