Dollar moves slightly up

By Dat Nguyen   January 30, 2023 | 08:38 pm PT
Dollar moves slightly up
An employee counts Vietnamese banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar inched up against the Vietnamese dong on the black market on Tuesday morning.

Unofficial exchange points sold the greenback at VND23,560, up 0.08% from Monday.

The dollar, however, remained steady at banks.

Vietcombank’s rate remained unchanged at VND23,620.

Techcombank’s rate was also stable at VND23,622. Eximbank sold the greenback 0.04% higher VND23,600.

The State Bank of Vietnam (SBV) adjusted its reference rate down 0.01% to VND23,609.

The dollar has fallen 0.46% against the dong since the beginning of the year.

Globally the dollar was eyeing a fourth monthly loss on Tuesday as investors reckon a peak in U.S. interest rates could swing into view as soon as this week’s Federal Reserve meeting, Reuters reported.

Currency trade was subdued in the lead up to Wednesday’s Fed rate decision, and ahead of Bank of England and European Central Bank rate decisions on Thursday, though cautiousness across financial markets lifted the greenback a little bit overnight.

The euro is up 1.3% this month and is loitering near a nine-month peak.

The U.S. dollar index is down 1.3% for January so far, though it rose 0.3% to 102.19 overnight. The Japanese yen fell 0.4% overnight but is set for its third monthly gain as markets anticipate shifts in monetary policy.

go to top