Dollar reaches new height in 2023

By Dat Nguyen   September 25, 2023 | 08:38 pm PT
Dollar reaches new height in 2023
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar rose to a new peak this year against the Vietnamese dong Tuesday morning.

Vietcombank sold the dollar at VND24,585, up 0.20% from Monday.

The State Bank of Vietnam raised its reference rate by 0.03% to VND24,084.

The dollar gained 0.20% to VND24,450 on the black market.

It has increased by 3.60% against the dong since the beginning of the year.

Globally the dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention danger zone, Reuters reported.

The U.S. dollar index touched its highest since November at 106.1.

The yen has slowly but inexorably slid toward the 150-per-dollar mark as policymakers stuck with ultra-easy settings.

The psychological level is seen as a likely red line for the finance ministry, whose warnings of possible intervention have stepped up in recent weeks. Traders have an eye on a Tuesday meeting of political leaders and Bank of Japan officials.

The yen hit 148.97 to the dollar on Monday and last traded at 148.72.

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