Dollar rises against dong

By Dat Nguyen   August 15, 2023 | 07:39 pm PT
Dollar rises against dong
The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. Photo by Reuters
The U.S. dollar gained slightly against the Vietnamese dong Wednesday morning as it continued to secure another peak so far this year.

Vietcombank sold the dollar at VND24,145, up 0.02% from Tuesday.

The State Bank of Vietnam raised its reference rate by 0.15% to VND23,918.

The dollar was sold at VND23,900 on the black market, up 0.29%.

It has increased against the dong by 1.75% since the beginning of the year.

Globally the yen languished near its weakest level in nine months on Wednesday and kept traders on alert for any signs of intervention, while mounting concerns over China’s sputtering economy and gloomy outlook soured the mood in Asia, Reuters reported.

It was last little changed at 7.3240 per dollar.

The Aussie bottomed at $0.6440, while the kiwi slid to a low of $0.5939, ahead of a rate decision by the Reserve Bank of New Zealand later on Wednesday.

The greenback predictably rode Treasury yields higher, with the dollar index ekeing out a slight gain to 103.22.

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