Dollar retreats against dong

By Dat Nguyen   February 27, 2023 | 08:38 pm PT
Dollar retreats against dong
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar retreated against the Vietnamese dong Tuesday morning at most banks but remained steady on the black market.

Vietcombank sold the dollar at VND23,980 Tuesday, down 0.04% from Monday.

Eximbank let the rate slide 0.08% to VND23,940.

Techcombank sold the greenback 0.13% at VND23,965.

The State Bank of Vietnam (SBV)’s reference rate is at VND23,644, up 0.01%.

Unofficial exchange points maintained the dollar at VND23,920.

The dollar has gained over the dong by 1.05% since the beginning of the year.

Globally the dollar index, which measures U.S. currency against six other peers, rose 0.048% and was set to snap a four-month losing streak, Reuters reported.

Sterling was last trading at $1.206, down 0.02% on the day, having jumped 1% overnight after Britain struck a new trade deal with the European Union, which brightened the outlook for the post-Brexit UK economy.

The euro was down 0.07% to $1.06, after rising 0.6% on Monday.

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