Dollar gains on black market

By Dat Nguyen   February 3, 2024 | 12:00 am PT
Dollar gains on black market
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 VND24,940, up 0.30% from Friday.

Vietcombank maintained the greenback at VND24,500.

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

It has increased against the dong by 0.33% since the beginning of the year.

Globally the U.S. dollar index jumped to a seven-week high in a broad rally on Friday after data showed that employers added far more jobs in January than expected, reducing the chances of near-term Federal Reserve interest rate cuts, Reuters reported.

The dollar index reached 104.04, the highest since Dec. 12.

The euro fell to $1.07810, holding just above the $1.07800 level reached on Thursday, which was the weakest since Dec. 13.

The greenback rose to 148.58 yen, just below the 148.80 level reached on Jan. 19, which was the highest since Nov. 28.

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