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Dollar slips on black market, tumbles to near 9-month low globally

By Dat Nguyen   September 14, 2024 | 01:22 am PT
Dollar slips on black market, tumbles to near 9-month low globally
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar fell slightly against the Vietnamese dong on the black market Saturday morning after hitting a near nine-month low on the global markets.

Unofficial exchange points sold the dollar at VND25,030, down 0.2% from Friday.

Vietcombank kept its rate unchanged at VND24,730, hovering around a seven-month low.

The State Bank of Vietnam kept its reference rate stable at VND24,172.

The dollar has risen against the dong by 2.41% since the beginning of the year.

Globally the dollar fell on Friday to its lowest level in nearly nine months against the Japanese yen after media reports once again fueled speculation the Federal Reserve could deliver a super-sized 50-basis-point interest rate cut at its policy meeting next week, Reuters reported.

The dollar was down 0.66% to 140.855 yen, after earlier dropping to 140.285, its lowest level since Dec. 28. On the week, it fell 1%.

The euro, meanwhile, rose 0.08% versus the greenback to $1.1083.

 
 
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