Dollar rises against dong

By Dat Nguyen   February 9, 2023 | 08:46 pm PT
Dollar rises against dong
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar gained over the Vietnamese dong at Vietcombank Friday morning.

The state-owned lender sold the dollar at VND23,745 Friday, up 0.06% from Thursday.

Eximbank sold the greenback 0.13% lower at VND23,740. The rate at Techcombank is VND23,765, down 0.13%.

The State Bank of Vietnam maintained its reference rate at VND23,626.

The dollar is sold at VND23,625 on the black market, up 0.02%.

The dollar has gained over the dong by 0.06% since the beginning of the year.

Globally the dollar was on the back foot on Friday after an overnight slide as investors tread with caution ahead of U.S. inflation data next week, with worries over an economic slowdown and the pace of the Federal Reserve’s rate hikes hitting sentiment.

The dollar index, which measures the U.S. currency against six major peers, was at 103.21, having dropped to as low as 102.63 in the previous session. The index is set to end the week with a small gain, its second straight positive week and a run it has not had since October.

Data on Thursday showed the number of Americans filing new claims for unemployment benefits increased more than expected last week, but remained at levels consistent with a tight labor market.

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