Dollar gains on black market

By Dat Nguyen   February 19, 2023 | 09:06 pm PT
Dollar gains on black market
An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. Photo by Reuters/Kham
The U.S. dollar gained over the Vietnamese dong on the black market Monday morning.

Unofficial exchange points sold the greenback 0.08% higher from Sunday at VND23,830.

Vietcombank let the dollar slide 0.13% to VND23,950 Monday.

The exchange rate remained stable at VND23,980 at Eximbank. Techcombank maintained it at VND24,010

The State Bank of Vietnam (SBV) brought the reference rate up 0.03% to VND23,646.

The dollar has increased over the dong by 0.93% since the beginning of the year.

Globally the dollar was on the front foot on Monday, supported by a strong run of economic data out of the United States that traders bet will keep the Federal Reserve on its monetary policy tightening path for longer than initially expected, Reuters reported.

The greenback advanced broadly in early Asia trade, sending sterling 0.12% lower to $1.2028 and the Aussie falling 0.18% to $0.6866.

Against the Japanese yen, the dollar rose 0.14% to 134.32.

Trading is likely to be thin on Monday, with U.S. markets closed for Presidents’ Day.

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