Dollar gains on black market

By Dat Nguyen September 15, 2023 | 07:17 pm PT

An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy

The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning.

Unofficial exchange points sold the greenback at VND24,260, up 0.25% from Friday.

Vietcombank maintained it at VND24,260.

The State Bank of Vietnam kept its reference rate stable at VND23,959.

The dollar has increased against the dong by 2.23% since the beginning of the year.

Globally the U.S. dollar was lower on Friday, after data showing a dip in consumer sentiment, but the greenback was still poised for a ninth straight week of gains, while the yen weakened to a 10-month low, Reuters reported.

The U.S. dollar index was down 0.08% at 105.32, but was still poised for its ninth straight weekly gain, which would mark its longest weekly run since a 12-week streak of gains in 2014.

The greenback continued to strengthen against the yen, after the Japanese currency had a sharp move higher versus the dollar earlier in the week. The dollar was last up 0.25% at 147.84 yen after hitting a 10-month high of 147.96.