Dollar gains on black market

By Dat Nguyen   January 5, 2023 | 08:41 pm PT
Dollar gains on black market
An employee counts U.S. banknotes at a bank in Hanoi. Photo by Reuters
The U.S. dollar rose against the dong on the black market Friday.

The dollar is sold at VND23,740 at unofficial exchange points, up 0.25% from Thursday.

Vietcombank sold the dollar at VND23,650 Friday, down 0.04% from Thursday.

Eximbank sold the greenback at VND23,600, up 0.04%.

The rate at Techcombank is VND23,635, down 0.02%.

The State Bank of Vietnam set its reference rate at VND23,605, same as Thursday.

Globally the dollar held near an almost one-month high on Friday, after U.S. economic data highlighted a still-tight labour market that could keep the Federal Reserve on its aggressive rate hike path, Reuters reported.

The U.S. dollar index jumped 0.9% to a nearly one-month peak of 105.27 overnight. It was last 0.03% higher at 105.15, and was on track for a weekly gain of more than 1.5%, the largest since September.

"All the anecdotes about job losses from the tech sector has yet to be reflected in the overall employment data, this suggests that while there’s weakness in some pockets...there’s still strong demand for workers from the other parts of the economy," said Khoon Goh, head of Asia research at ANZ.

The euro tumbled 0.8% to a more than three-week low at $1.0515 in the previous session, and was last steady at $1.0519.

Against the Japanese yen, the dollar rose 0.6% to hit a one-week top of 134.045 yen overnight, and last bought 133.44 yen.

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