Dollar reaches 3-month high against dong

By Dat Nguyen   June 26, 2023 | 08:38 pm PT
Dollar reaches 3-month high 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 on Tuesday rose against the Vietnamese dong to the highest since March 20.

Vietcombank sold the dollar at VND23,710 Tuesday, up 0.04% from Monday.

Techcombank raised it by 0.02% to VND23,708.

The State Bank of Vietnam brought its reference rate up 0.03% to VND23,761.

The dollar was sold at VND23,630 on the black market, up 0.08%.

The greenback has fallen against the dong by 0.08% since the beginning of the year.

The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simmered and traders looked ahead to U.S. data that may determine the timing of interest rate hikes, Reuters reported.

The dollar index rose 0.04% to 102.770. The rouble was flat at 84.40 per dollar after hitting its weakest level since March 2022.

The greenback traded at 143.43 yen, down 0.06% from late U.S. levels. Japanese officials have sounded the alarm in recent days over rapid weakening of the currency.

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