Dollar falls against dong

By Ngan Anh   January 9, 2023 | 12:34 am PT
Dollar falls against dong
A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey November 11, 2021. Photo by Reuters
The U.S. dollar continues to fall against the Vietnamese dong at banks and on the black market Monday.

Vietcombank sold the dollar at VND23,620 Monday, down 0.04% from Sunday.

The USD/VND exchange rate has decreased by 0.46% since the beginning of the year.

Eximbank sold the greenback at VND23,580, down 0.08%.

The rate at Techcombank is VND23,640, up 0%, and at ACB is VND23,800, up 0%.

The State Bank of Vietnam (SBV)’s reference rate is at VND23,605, up 0%.

The dollar is sold at VND23,650 on the black market, down 0.21%.

The U.S. dollar was steady on Monday as investors digested a clutch of economic data released last week that stoked hopes of the Federal Reserve slowing the pace of its interest rate hikes, according to CNBC.

Data on Friday showed U.S. nonfarm payrolls rose by 223,000 jobs in December, while a 0.3% rise in average earnings was smaller than expected and less than the previous month’s 0.4%.

There were further signs of an economy slowing down, with the U.S. services industry activity contracting for the first time in more than 2-1/2 years in December amid weakening demand.

That led the dollar index, which measures the U.S. dollar against six major currencies, 1.15% lower on Friday. On Monday, the index, which gained 8% in 2022, was 0.01% higher at 103.720.

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