Dollar slips on black market

By Dat Nguyen   July 26, 2024 | 09:43 pm PT
Dollar slips on black market
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado Nov. 3, 2009. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong on the black market Saturday morning.

Unofficial exchange points sold the greenback at VND25,730, down 0.04% from Friday.

Vietcombank kept its rate unchanged at VND25,461.

The State Bank of Vietnam’s reference rate was stable at VND24,249.

Globally the dollar ended little changed on Friday, pressured by a fall in Treasury yields after a tame U.S. inflation report that investors said kept the runway for the expected September Federal Reserve easing clear, Reuters reported.

The Commerce Department's June personal consumption expenditures (PCE) price index nudged up 0.1%, as expected, after being unchanged in May, underscoring an improving inflation environment.

Year over year, the PCE price index climbed 2.5% after rising 2.6% in May, also in line with forecasts by economists polled by Reuters. The Fed closely tracks the PCE price measures for monetary policy, and subsiding inflation pressures could help officials who are meeting next week gain confidence that inflation is moving toward the U.S. central bank's 2% target.

 
 
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