Dollar drops against dong

By Do Huong   November 24, 2022 | 12:18 am PT
Dollar drops against dong
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. Photo by Reuters/Rick Wilking
The U.S. dollar has weakened against the Vietnamese dong at both banks and unofficial exchange points Thursday.

Vietcombank sold the greenback 0.004% lower at VND24,854.

TPBank let the dollar slide 0.004% to VND24,854. Techcombank sold it at VND24,852, down 0.004%.

The State Bank of Vietnam set its exchange rate at VND23,671, also down 0.004%.

The dollar was sold VND24,940 at unofficial exchange points, down 0.4% from Wednesday.

The U.S. dollar was broadly weaker on Thursday as investors, encouraged by the prospect of a slower pace of interest rate hikes from the Federal Reserve, placed bets on riskier assets, according to CNBC.

The dollar index, which measures the greenback against six major peers, was down 0.066% at 105.830, after sliding 1% overnight.

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