Dollar gains little against dong

By Dat Nguyen   December 5, 2023 | 09:06 pm PT
Dollar gains little against dong
U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters/Dado Ruvic
The U.S. dollar rose against the Vietnamese dong Wednesday morning.

Vietcombank sold the dollar at VND24,450, up 0.08% from Tuesday.

The State Bank of Vietnam raised its reference rate by 0.10% to VND23,951.

The greenback went up 0.08% to VND24,700 on the black market.

It has increased against the dong by 3.03% since the beginning of the year.

Globally, the dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, while wagering the Federal Reserve will cut rates next year, Reuters reported.

The dollar index, which measures the U.S. currency against six rivals, was 0.019% higher at 103.99, having climbed 0.3% overnight. The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year.

The euro was at $1.0795, having dropped to three-week low of $1.07785 on Tuesday.

Sterling was last at $1.2601, up 0.06% on the day. The Japanese yen strengthened 0.03% to 147.12 per dollar.

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