Dollar downs against dong

By Dat Nguyen   October 26, 2023 | 09:10 pm PT
Dollar downs 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 VND24,730, down 0.12% from Thursday.

The State Bank of Vietnam raised its reference up 0.03% to VND24,095.

The dollar was stable at VND24,600 on the black market.

It has increased against the dong by 4.21% since the beginning of the year.

The dollar was headed for a weekly gain on Friday, aided by solid U.S. growth figures that bolstered the case for higher-for-longer interest rates, while the yen hovered on the weaker side of 150 per dollar ahead of a key policy meeting next week, Reuters reported.

The U.S. dollar index steadied at 106.57, having hit a three-week high of 106.89 in the previous session, and was on track for a weekly gain of about 0.4%.

Sterling edged 0.07% higher to $1.21355, though was not too far from a three-week low of $1.2070 hit on Thursday.

The euro slipped 0.02% to $1.0560 and was headed for a weekly loss of roughly 0.3%.

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