Dollar inches up on black market

By Dat Nguyen   December 8, 2023 | 11:27 pm PT
Dollar inches up on black market
Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. Photo by Reuters/Dado Ruvic
The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning.

Unofficial exchange points sold the greenback at VND24,700, up 0.20% from Friday.

Vietcombank kept the dollar stable at VND24,390.

The State Bank of Vietnam maintained its reference rate at VND23,951.

The dollar has increased against the dong by 2.78% since the beginning of the year.

Globally, the dollar rose on Friday after new data showed U.S. job growth accelerated in November and the unemployment rate dropped, pointing to underlying strength in the labor market, Reuters reported.

The U.S. dollar index was last up 0.3% at 104.0, on track for a modest weekly gain after a bruising November, in which it shed 3%. The yen was 0.52% lower against the dollar at 144.35, following its biggest rally in almost a year the day before.

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