Dollar inches down on black market, steady at banks

By Minh Hieu   March 30, 2024 | 12:26 am PT
Dollar inches down on black market, steady at banks
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar weakened slightly against the Vietnamese dong on the black market while remaining steady at banks Saturday morning.

Vietcombank sold the dollar at VND24,970, unchanged from the previous day.

The greenback went down 0.14% to VND25,460 on the black market.

The State Bank of Vietnam (SBV) kept it reference rate steady at VND24,003.

It has increased against the dong by 2.25% since the beginning of the year.

Globally, the Greenback holds onto recent gains on Good Friday, a bank holiday during which European and US trading desks will be running at minimum capacity, FXStreet reported.

The US Dollar Index is making its way to a possible fresh high for March seeing its current positioning at 104.72.

The EUR/USD pair closed in the red for a third consecutive week, ending March just above 1.0767, the monthly low.

The USD/JPY posts minuscule losses following the release of the US Core Personal Consumption Expenditure (PCE) price index, the US Federal Reserve’s preferred inflation gauge. The major trades at 151.25, down 0.09%.

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