Dollar reaches another peak this year

By Dat Nguyen   September 18, 2023 | 12:25 am PT
Dollar reaches another peak this year
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar rose slightly against the Vietnamese dong Monday morning to another new peak this year.

Vietcombank sold the dollar at VND24,500, up 0.31% from Sunday.

The State Bank of Vietnam (SBV) raised its rate by 0.04% to VND24,046.

Unofficial exchange points sold the greenback at VND24,280, up 0.08%.

The dollar has gained over the dong by 3.24% since the beginning of the year.

Most Asian currencies fell on Monday, while the dollar steadied near six-month highs as markets hunkered down before several key central bank rate decisions this week, most notably the Federal Reserve, according to financial news outlet Investing.

The dollar retained most of its recent strength, staying within sight of a six-month peak hit last week as investors positioned for more signals from the Fed, it said, adding that the dollar index and dollar index futures fell less than 0.1% each in Asian trade.

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