Dollar backslides against dong

By Dat Nguyen   November 2, 2023 | 12:04 am PT Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
Dollar backslides against dong
U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. Photo by Reuters/Dado Ruvic/Illustration
The U.S. dollar fell marginally against the Vietnamese dong Thursday afternoon.

Vietcombank sold the dollar at VND24,740, down 0.04% from Wednesday.

The State Bank of Vietnam raised its reference rate by 0.04% to VND24,099.

The dollar was stable at VND24,600 on the black market.

It has increased against the dong by 4.26% since the beginning of the year.

Globally, the dollar fell broadly on Thursday, with risk-sensitive Asian currencies leading gains, as investors cheered a likely peak in U.S. interest rates after the Federal Reserve left them on hold, Reuters reported.

The Australian dollar jumped 0.9% on Wednesday and another 0.7% on Thursday to touch a three-week high of $0.6439. The New Zealand dollar hit a two-week peak of $0.5896.

Bitcoin, sometimes traded as a proxy for risk-taking, broke above $35,000 for the first time since May 2022.

The euro rose 0.2% to $1.0597, the Swiss franc rose for a second day in a row and the yen was helped off a one-year low to 150.45.

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