Dollar dips against dong

By Dat Nguyen   December 7, 2023 | 11:39 pm PT
Dollar dips against dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar fell against the Vietnamese dong Friday morning.

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

The State Bank of Vietnam lowered its reference rate by 0.03% to VND23,951.

The greenback went up 0.20% to VND24,700 on the black market.

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

Globally, the yen extended its towering rally on Friday and marched toward its best week against the dollar in nearly five months, as traders ramped up expectations that the end of Japan's ultra-low interest rates was closing in, Reuters reported.

Against the dollar, the yen was last steady at 144.30, after having surged over 2% in the previous session and striking a four-month high of 141.60.

In the broader market, the dollar largely drifted sideways, with currency moves outside of the yen subdued ahead of Friday's U.S. jobs data.

The euro steadied at $1.0792 though was eyeing a weekly decline of more than 0.8%, while sterling last bought $1.2589 and was similarly headed for a weekly fall of nearly 1%.

The U.S. dollar index slipped 0.05% to 103.63, though was on track to gain 0.4% for the week. That would snap three straight weeks of declines, as the greenback attempts to stem losses from its heavy selloff in November.

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