Dollar declines against dong

By Dat Nguyen   December 12, 2023 | 09:03 pm PT
Dollar declines against dong
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters/Dado Ruvic
The U.S. dollar fell slightly against the Vietnamese dong Wednesday morning.

Vietcombank sold the dollar at VND24,420 Wednesday, down 0.04% from Tuesday.

The State Bank of Vietnam’s reference rate was stable at VND23,954.

The greenback fell 0.12% to VND24,740 on the black market.

It has increased against the dong by 2.91% since the beginning of the year.

Globally, the dollar remained on the back foot versus major rivals on Wednesday, as traders braced for the conclusion of a Federal Reserve policy meeting and clues on when the U.S. central bank will begin cutting interest rates, Reuters reported.

The U.S. currency edged lower to 145.385 yen in early Asian trading, adding to its 0.5% loss from the previous session. It was also down slightly against the euro at $1.0798, after losing about 0.28% on Tuesday.

The dollar index - which gauges the dollar against the euro, yen and four other counterparts - was steady at 103.82 following a 0.31% drop overnight.

 
 
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