Dollar slips against dong

By Dat Nguyen   May 27, 2024 | 10:05 pm PT
Dollar slips against dong
U.S. dollar bills. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong Tuesday morning.

Vietcombank sold the dollar at VND25,468, down 0.05% from Monday.

The State Bank of Vietnam kept its reference rate stable at VND24,245.

The greenback went up 0.27% to VND25,840 on the black market.

It has increased against the dong by 4.29% since the beginning of the year.

The dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that markets are looking to for guidance on the global interest rate outlook, Reuters reported.

Currency moves were largely subdued in early Asia hours after a quiet overnight session due to holidays in Britain and the United States, but the overall mood was positive with world shares firming.

The euro was a touch firmer at $1.0860 despite some dovish comments from European Central Bank (ECB) policymakers on Monday and data showing German business morale stagnated in May.

go to top