Dollar gains little against dong

By Dat Nguyen   February 5, 2024 | 08:34 pm PT
Dollar gains little 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 rose for the second day in a row Tuesday with a marginal increase against the Vietnamese dong.

Vietcombank sold the dollar at VND24,550, up 0.04% from Monday.

The State Bank of Vietnam raised its reference rate by 0.04% to at VND23,964.

The greenback fell 0.08% to VND24,950 on the black market.

It has risen against the dong by 0.53% since the beginning of the year.

The U.S. dollar was steady near a three-month peak on Tuesday on rising expectations the Federal Reserve is unlikely to cut rates aggressively this year, while the Australian dollar gained after the central bank said it could not rule out another rate hike, Reuters reported.

The Aussie rose 0.35% to $0.6505 after the decision, having touched a two-and-a-half month low of $0.6469 on Monday. The New Zealand dollar was 0.19% higher at $0.60665.

The dollar index, which measures the U.S. currency against six rivals, was at 104.38, having touched 104.60 on Monday, its highest since Nov. 14. The index is up 3% for the year so far after dropping 2% in 2023.

go to top