Dollar bounces back against dong

By Dat Nguyen   November 8, 2023 | 08:46 pm PT
Dollar bounces back against dong
U.S. dollar banknotes are displayed in this illustration taken, Feb. 14, 2022. Photo by Reuters/
The U.S. dollar continued to recover against the Vietnamese dong Thursday morning after hitting a six-week low Tuesday.

Vietcombank sold the dollar at VND24,555, up 0.1% from Wednesday.

The State Bank of Vietnam raised its reference rate by 0.07% to VND24,002.

The greenback was sold at VND24,550 on the black market, down 0.20%.

It has increased by 3.48% since the beginning of the year.

Globally, the euro was near a 15-year high on the yen and was firm against the dollar on Thursday, following hawkish remarks from European policymakers and the prospect of falling energy prices, Reuters reported.

Overnight, the euro touched its highest since 2008 at 161.73 yen, having broken out since the Bank of Japan left short-term rates on hold last week as investors see the pair as safer than navigating the risk of an intervention in dollar/yen.

The euro is also up 0.5% this week to 87.14 pence.

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