Dollar continues to weaken on black market

By Dat Nguyen   April 12, 2024 | 09:50 pm PT
Dollar continues to weaken on black market
U.S. dollar bills. Photo by Pexels
The U.S. dollar fell against the Vietnamese dong on the black market Saturday morning.

Unofficial exchange points sold the greenback at VND25,530, down 0.21% from Friday.

Vietcombank maintained its rate at VND25,180.

The State Bank of Vietnam kept its reference rate stable at VND24,082.

The greenback has increased against the dong by 3.11% since the beginning of the year.

Globally the U.S. dollar rose to its highest since November on Friday, boosted by safe-haven demand amid geopolitical tension in the Middle East as well as increasing divergence in monetary policy between the Federal Reserve and other major central banks, Reuters reported.

The dollar index was on track to post its largest weekly percentage gain since September 2022. It was last up 0.7% at 106.02.

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