Dollar climbs back to year-to-date peak

By Minh Hieu   March 3, 2024 | 11:10 pm PT
Dollar climbs back to year-to-date peak
U.S. dollar bills. Photo by Pexels
The dollar rose against the dong on Monday, hitting the year-to-date peak previously recorded on Feb. 26.

Vietcombank sold the dollar at VND24,840 Monday, up 0.12% from the previous day to its highest level this year.

Unofficial exchange points sold the greenback at VND25,580, up 0.55% from Sunday.

It has increased by 1.72% since the beginning of the year.

Meanwhile, the State Bank of Vietnam (SBV)’s reference rate is steady at VND24,004.

Globally, the U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts.

Bitcoin rose to a more than two-year peak amid big flows into cryptocurrency exchange-traded funds.

The euro was firm following Friday's 0.33% advance, with a European Central Bank policy decision looming on Thursday.

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