Dollar gains on black market

By Dat Nguyen   May 10, 2024 | 11:35 pm PT
Dollar gains on black market
U.S. dollar bills. Photo by Reuters
The U.S. dollar gained over the Vietnamese dong on the black market Saturday morning.

Unofficial exchange points sold the greenback at VND25,800, up 0.27% from Friday.

Vietcombank maintained its rate at VND25,484.

The State Bank of Vietnam’s reference rate was also unchanged at VND24,245.

The greenback has gained over the dong by 4.36% since the beginning of the year.

Globally the dollar inched higher on Friday following a reading on U.S. consumer sentiment as investors sorted through a batch of comments from Federal Reserve officials, with the focus beginning to turn toward key inflation readings next week, Reuters reported.

The greenback pared declines and turned modestly higher after the University of Michigan's preliminary reading on consumer sentiment came in at 67.4 for May, a six-month low and below the 76.0 estimate of economists polled by Reuters. In addition, the one-year inflation expectation climbed to 3.5% from 3.2%.

The dollar index, which measures the greenback against a basket of currencies, gained 0.09% to 105.31, with the euro down 0.08% at $1.0772. The dollar was on track for its first weekly gain after two straight weeks of declines.

go to top