Dollar rises against dong

By Dat Nguyen   September 13, 2023 | 10:49 pm PT
Dollar rises 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 gained over the Vietnamese dong Thursday morning.

Vietcombank sold the dollar at VND24,350, up 0.12% from Wednesday.

The State Bank of Vietnam (SBV)’s reference rate was at VND23,959, down 0.08%.

The dollar was stable at VND24,013 on the black market, up 0.07%.

It has increased over the dong by over 2.2% since the beginning of the year.

Globally, the U.S. dollar hovered below a three-month high to the euro on Thursday as attention turned to the European Central Bank’s rate-setting meeting later in the day, after U.S. inflation data failed to alter views for a Federal Reserve pause next week, Reuters reported.

The yen pulled away from near a 10-month trough to the dollar as a decline in long-term Treasury yields removed some support for the U.S. currency.

Australia’s dollar popped to a one-week high after strong employment figures, but then quickly retraced most of the advance as the data showed the vast majority of new jobs were part-time.

The U.S. dollar index - measuring the currency against a basket of six developed-market peers, including the euro and yen - edged 0.1% lower to 104.63 in the Asian morning.

The euro added 0.1% to $1.07415, continuing its grind higher from last week’s low of $1.0686.

 
 
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