Dollar slips against dong

By Minh Hieu   September 24, 2024 | 11:54 pm PT
Dollar slips against dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar fell against the Vietnamese dong Wednesday morning while weakening globally.

Vietcombank sold the dollar at VND24,720, down 0.2% from the weekend.

At unofficial exchange points, the greenback rose 0.04% to VND25,080.

The State Bank of Vietnam lowered its reference rate by 0.05% to VND24,134.

The dollar has risen against the dong by 1.23% since the beginning of the year.

Globally, the dollar drooped on Wednesday after weak U.S. macroeconomic data overnight boosted the case for a second super-sized interest rate cut at the Federal Reserve's next meeting, Reuters reported.

The yen retreated about 0.17% to 143.47 per dollar, reversing earlier gains amid broad dollar weakness.

The euro ticked up to $1.11915 after earlier pushing as far as $1.1194 for the first time in a month.

 
 
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