Dollar inches up against dong

By Dat Nguyen November 9, 2023 | 08:32 pm PT

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado Nov. 3, 2009. Photo by Reuters/Rick Wilking

The U.S. dollar gained slightly against the Vietnamese dong Friday morning.

Vietcombank sold the dollar at VND24,540 Friday, up 0.04% from Thursday.

The State Bank of Vietnam raised its reference rate by 0.05% to VND24,014.

The greenback was unchanged at VND24,550 on the black market.

It has increased against the dong by 3.41% since the beginning of the year.

The dollar was headed for its best week against the yen in three months on Friday, after Federal Reserve Chair Jerome Powell and a chorus of Fed officials poured cold water on market expectations of a peak in U.S. rates, Reuters reported.

The dollar stood near a one-year high at 151.38 yen on Friday and touched one-week highs against the Australian and New Zealand dollars.

Elsewhere, the euro steadied at $1.0668, while sterling slipped 0.02% to $1.2218. They were both on track to lose 0.56% and 1.3% for the week, respectively.