Vietnam dong extends loss against dollar, down 0.16% to 24,570
By
Reuters October 20, 2022 | 08:41 pm PT
Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018. Photo by Reuters/Jose Luis Gonzalez
The Vietnamese dong continued to fall for the 12th session, losing 0.16% against the dollar early on Friday.
At 02:35 GMT, the dong traded at 24,570 against the dollar, compared with Thursday's close of 24,530.
So far this year, the dong has fallen 7.6%, following the U.S. Federal Reserve's recent rate hike to tame inflation.
At unofficial exchange points, a dollar was sold at VND25,110 Friday, up 0.54% from Wednesday.
Vietnam's benchmark index.VNI was down 0.87% to 1,049, due to poor liquidity.
The central bank on Oct. 17 widened the exchange rate trading band to 5.0% from 3.0%, following a sharp fall in the dong currency resulting from fluctuations in the global market.
