Dollar falls against dong on black market

By Dat Nguyen   December 22, 2023 | 10:22 pm PT
Dollar falls against dong on black market
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 on the black market Saturday morning.

Unofficial exchange points sold the greenback at VND24,720, down 0.08% from Friday.

Vietcombank kept the dollar steady at VND24,400.

The State Bank of Vietnam’s reference rate was stable at VND23,915.

The dollar has increased against the dong by 2.82% since the beginning of the year.

Globally the dollar index edged down on Friday, hitting a near five-month low as data showed annual U.S. inflation slowed further below 3% in November, cementing market expectations for a U.S. interest rate cut next March, Reuters reported.

The dollar index was last down 0.08 % at 101.7, after dipping as low as 101.42, its lowest since late July.

 
 
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