Dollar strengthens against dong

By Minh Hieu   October 13, 2024 | 11:09 pm PT
Dollar strengthens against dong
U.S. one-hundred dollar bills are seen in this photo illustration at a bank in Seoul, Aug. 2, 2013. Photo by Reuters
The U.S. dollar gained against the Vietnamese dong and other major currencies on Monday morning.

Vietcombank sold the dollar at VND25,020, up 0.08% from the weekend.

At unofficial exchange points, the greenback went up by 0.04% to VND25,350.

The State Bank of Vietnam lowered its reference rate by 0.06% to VND24,161.

Since the beginning of the year, the dollar has increased by 2.46% against the dong.

Globally, the dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention, Reuters reported.

The euro was down 0.13% at $1.0922 and the pound nearly 0.2% lower at $1.3043. The dollar was flat on the Japanese yen at 149.20.

The dollar index was at 103.10, up a touch and closing in on last week's peak, its highest since mid-August, on the back of traders reducing bets on further jumbo rate cuts by the Federal Reserve at its remaining meetings this year.

The one-month non-deliverable forward indicated that the rupee will open near 84.08 to the U.S. dollar, compared with 84.06 in the previous session and past the lifetime low of 84.07.

 
 
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