Dollar dips on black market

By Dat Nguyen   January 4, 2023 | 08:16 pm PT
Dollar dips on black market
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar dropped 0.5% to VND23,680 at unofficial exchange points Thursday morning.

It fell 0.04% to VND23,660 at Vietcombank.

Eximbank sold the greenback at VND23,630, down 0.08%.

The rate at Techcombank was at VND23,660, also down 0.08%.

The State Bank of Vietnam set its reference rate unchanged at VND23,603.

The greenback has gained over the dong by 0.29% since the beginning of the year.

The dollar index eased 0.1%, making greenback-priced bullion more attractive for overseas investors, Reuters reported.

"If the jobs data reflects that the rate hikes have taken a toll on the economy, then dollar might weaken further and benefit gold," said Brian Lan, managing director at Singapore-based dealer GoldSilver Central.

Minutes of the Fed’s December policy meeting released on Wednesday showed that all officials agreed the U.S. central bank should slow the pace of its aggressive interest rate hikes.

go to top