Dollar gains slightly against dong

By Dat Nguyen   August 8, 2023 | 01:30 am PT
Dollar gains slightly against dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar inched up against the Vietnamese dong Tuesday morning.

Vietcombank sold the dollar at VND23,895, up 0.02% from Monday.

The State Bank of Vietnam let its reference rate slide 0.05% to VND23,802.

The greenback was stable on the black market at VND23,800.

It has gained over the dong by 0.70% since the beginning of the year.

Globally, the U.S. dollar turned higher on Tuesday after another disappointing set of Chinese trade figures hurt the yuan, the Aussie and kiwi, while the yen also eased after Japanese real wages declined for a 15th straight month.

The offshore yuan fell to a 2-1/2 week low of 7.2334 per dollar, while its onshore counterpart similarly bottomed at a more than two-week low of 7.2223 per dollar.

The Aussie weakened 0.7% to $0.6522, while the kiwi slid 0.8% to $0.6059, its lowest level since June 29.

The U.S. dollar also firmed 0.4% against a weaker yen, last standing at 143.125 yen.

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