Dollar gains over dong

By Dat Nguyen   November 12, 2023 | 08:33 pm PT
Dollar gains over dong
U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, Feb. 8, 2021. Photo by Reuters/Dado Ruvic
The U.S. dollar rose against the Vietnamese dong Monday morning.

Vietcombank sold the dollar at VND24,520, up 0.20% from Sunday.

The State Bank of Vietnam kept its reference rate stable at VND24,015.

The greenback was sold at VND24,700 on the black market, up 0.61%.

It has increased by 3.33% since the beginning of the year.

Globally, the dollar was steady on Monday as traders awaited another batch of inflation data from the U.S. that is expected to offer further clues this week on whether the Federal Reserve has more work to do to tame price pressures, Reuters reported.

The Japanese yen remained vulnerable, hovering not far from a one-year low against the greenback as markets remained on watch for possible intervention by Tokyo.

The dollar index, which measures the dollar against a basket of currencies, was last mostly flat at 105.80.

Elsewhere, sterling stood at $1.2228 to the dollar, firm ahead of UK average weekly earnings data on Tuesday and a CPI reading on Wednesday.

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