Dollar drops at banks

By Minh Long   February 12, 2023 | 08:59 pm PT
Dollar drops at banks
Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. Photo by Reuters
The U.S. dollar dropped at banks but kept unchanged at unofficial exchange points Monday morning.

Vietcombank sold the dollar at VND23,740 Monday, down 0.02% from Sunday.

Eximbank and Techcombank sold the greenback 0.04% lower at VND23,720, and VND23,745, respectively.

The USD/VND exchange rate has increased by 0.04% since the beginning of the year.

The State Bank of Vietnam (SBV)’s reference rate is at VND23,628, up 0.01%.

The dollar remained stable at VND23,680 on the black market.

The dollar hovered near a five-week high against major peers on Monday on rising bets for prolonged Federal Reserve policy tightening ahead of a crucial consumer price report the following day, according to Reuters.

The dollar index - which measures the greenback against six counterparts including the yen, euro and sterling - added 0.068% to 103.65, keeping close to last Tuesday's high of 103.96, the strongest level since January 6.


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