Dollar gains on black market

By Dat Nguyen   June 9, 2023 | 11:11 pm PT
Dollar gains 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 gained marginally against the Vietnamese dong on the black market Saturday morning.

The greenback gained 0.13% to VND23,520 at unofficial exchange points.

Most banks kept their rates stable.

Vietcombank sold the dollar at VND23,650, Eximbank VND23,620, and Techcombank VND23,650.

The State Bank of Vietnam maintained its reference rate is at VND23,717.

The greenback has has decreased by 0.34% against the dong since the beginning of the year.

Globally the dollar bounced off two-week lows on Friday as investors awaited inflation data and the Federal Reserve's interest rate decision next week for any new clues on how high the U.S. central bank is likely to hike rates, Reuters reported.

The euro was last down 0.30% against the dollar at $1.0749. The greenback gained 0.34% at 139.40 yen.

The dollar index, which measures the currency against six major peers, rose 0.22% to 103.53.

The greenback is largely rangebound as investors wait for clearer signs of whether the economy will remain strong and inflation elevated, or if it is headed towards a contraction.

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