Dollar climbs against dong

By Dat Nguyen   February 21, 2023 | 11:57 pm PT
Dollar climbs against dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar inched up against the Vietnamese dong at Vietcombank but dropped at some others Wednesday morning.

Vietcombank sold the dollar at VND23,920, up 0.17% from Tuesday.

Eximbank sold the greenback 0.29% lower at VND23,910.

Techcombank let the dollar slide by 0.35% to VND23,925.

The State Bank of Vietnam adjusted its reference rate down 0.01% to VND23,641.

The dollar was sold at VND23,800 on the black market, down 0.13%.

It has gained over the dong by 0.8% since the beginning of the year.

Globally the dollar found support on Wednesday after a surprise rebound in business activity in the United States and the UK raised the likelihood that their respective central banks would have further to go in raising interest rates, Reuters reported.

The dollar rose broadly while sterling last bought $1.21015, holding on to most of Tuesday's 0.6% gains.

Elsewhere, the euro attempted to recoup its losses from the previous session, even as the euro zone's flash composite PMI climbed to a nine-month high of 52.3 in February, supported by surprisingly strong services growth.

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