Dollar bounces back

By Dat Nguyen   May 23, 2023 | 07:16 pm PT
Dollar bounces back
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar rose against the Vietnamese dong Wednesday morning after a slight decline Tuesday.

Vietcombank sold the dollar at VND23,660, up 0.13% from Tuesday.

Eximbank maintained the greenback at VND23,630, and Techcombank also kept its rate unchanged at VND23655.

The State Bank of Vietnam’s reference rate was stable at VND23,684.

The dollar was sold at VND23,480 on the black market, same as Tuesday.

The dollar has fallen against the dong by 0.29% since the beginning of the year.

Globally the U.S. dollar held near a two-month high on Wednesday on safe-harbour demand as negotiations over raising the U.S. debt ceiling dragged on with no imminent resolution in sight, Reuters reported.

The dollar index , which measures the U.S. currency against six key rivals, was fetching 103.51 in early Asian hours, just under the 103.65 two-month peak it touched overnight. The index is up roughly 2% in May.

The yen was flat at 138.58 per dollar, having touched a six-month low of 138.91 overnight, while sterling was last trading at $1.2424, up 0.11% on the day.

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