Dollar strengthens against dong, euro

By Dat Nguyen   September 11, 2024 | 09:12 pm PT
Dollar strengthens against dong, euro
U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar Thursday morning rose slightly against the Vietnamese dong after reaching a near four-week high against the euro.

Vietcombank sold the dollar at VND24,750, up 0.10% from Wednesday.

The State Bank of Vietnam lowerded its reference rate by 0.10% to VND24,187.

The dollar went up on the black market by 0.32% to VND25,240.

It has risen against the dong by 1.27% since the beginning of the year.

Globally the dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. Reuters reported.

The euro was flat at $1.1009, sticking close to Wednesday's low of $1.1002, the weakest since Aug. 16.

The dollar gained against the yen, following a turbulent session on Wednesday that saw the U.S. currency plunge as much as 1.24% to the lowest this year before recovering all its losses after the consumer price data.

Sterling edged lower to $1.3038, after dipping as far as $1.30025 in the previous session for the first time since Aug. 20.

 
 
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