Dollar gains over dong

By Dat Nguyen   March 12, 2024 | 01:01 am PT
Dollar gains over dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar rose against the Vietnamese dong Tuesday afternoon.

Vietcombank sold the dollar at VND24,800, up 0.04% from Monday.

The State Bank of Vietnam lowered its reference rate by 0.07% to VND23,955.

The greenback dropped 0.39% to VND25,600 on the black market.

It has increased against the dong by 1.56% since the beginning of the year.

Globally the dollar index rose 0.04% to 102.83, having hit a roughly two-month low of 102.33 last week, Reuters reported.

The euro retreated from a roughly two-month high hit last week and last bought $1.0936.

Sterling rose 0.04% to $1.2816, though was some distance away from Friday's more than seven-month peak.

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