Dollar slips against dong, firms globally

By Dat Nguyen September 9, 2024 | 08:38 pm PT

A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. Photo by Reuters

The U.S. dollar fell slightly against the Vietnamese dong Tuesday morning but remained steady against major peers.

Vietcombank sold the dollar 0.04% lower at VND24,830.

The State Bank of Vietnam raised its reference rate by 0.07% to VND24,194.

The greenback gained 0.44% to VND25,270 on the black market.

It has risen 1.60% against the dong since the beginning of the year.

Globally the dollar was steady in early trading on Tuesday, with the yen inching away from one-month highs as investors brace for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve starting next week, Reuters reported.

The dollar was up 0.1% at 143.30 yen, creeping away from the one-month low of 141.75 touched on Friday. Sterling last fetched $1.3061, having touched a near three-week low of $1.3058 earlier in the session.

The dollar index, which measures the U.S. currency against six rivals, was at 101.69 after rising 0.4% on Monday. The index fell 0.5% last week as traders' expectations for rate cuts shifted.