Dollar declines at banks

By Reuters   May 31, 2023 | 08:56 pm PT
Dollar declines at banks
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar fell marginally against the Vietnamese dong Thursday morning.

Vietcombank sold the dollar at VND23,655, down 0.04% from Wednesday.

Eximbank lowered its rate by 0.32% to VND23,630.

Techcombank sold the greenback 0.01% higher at VND23,665.

The State Bank of Vietnam maintained its reference rate at VND23,729.

The dollar was stable at VND23,500 on the black market.

The dollar has dropped against the dong by 0.32% since the beginning of the year.

Globally the dollar retreated from a two-week top against its major peers on Thursday as investors trimmed bets that the Federal Reserve will raise interest rates this month, though the looming debt ceiling deadline gave safe haven support to the greenback, Reuters reported.

A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with the focus now on how it will fare in the Democratic-led Senate just days before the federal government is expected to run out of money to pay its bills.

The U.S. dollar index rose 0.06% to 104.21, though was still down from an over two-month high hit in the previous session, as traders pared back their expectations of another rate hike by the Federal Reserve this month.

go to top