Dollar tiptoes marginally against dong, shoots up globally

By Dat Nguyen   October 9, 2024 | 08:58 pm PT
Dollar tiptoes marginally against dong, shoots up globally
U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar rose slightly against the Vietnamese dong Thursday morning and shot up to a two-month high globally.

Vietcombank sold it 0.02% higher at VND25,030.

The State Bank of Vietnam raised its reference rate by 0.02% to VND24,172.

Unofficial exchange points sold the dollar 0.04% lower at VND25,350.

Globally the dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day, Reuters reported.

The dollar index, which measures the currency against six key rivals, was steady after climbing to the highest since Aug. 16 overnight, as traders further pared bets for U.S. interest rate cuts this year in the wake of last week's unexpectedly strong payrolls data.

The dollar index was little changed at 102.86, sticking close to Wednesday's high of 102.93.

 
 
go to top