Dollar rises marginally against dong

By Dat Nguyen   January 25, 2024 | 08:57 pm PT
Dollar rises marginally against dong
U.S. banknotes seen in an illustration. Photo by Pixabay
The U.S. dollar went up slightly against the Vietnamese dong Friday morning.

Vietcombank sold the dollar at VND24,780, up 0.04% from Thursday.

The State Bank of Vietnam kept its reference rate stable at VND24,036.

The dollar fell 0.02% to VND25,115 on the black market.

It has increased against the dong by 1.47% since the beginning of the year.

Globally the U.S. dollar held firm on Friday after rising overnight, as traders weighed how domestic GDP data that surprised to the upside would impact the Federal Reserve's rate path and awaited key inflation data later in the day, Reuters reported.

The euro, meanwhile, was on the backfoot following the European Central Bank's latest monetary policy meeting on Thursday which held interest rates at a record-high 4%.

In the United States, official data on advance GDP estimate showed gross domestic product in the last quarter increased at a 3.3% annualized rate, overshooting the consensus forecast of 2% growth rate. It also showed inflation pressures subsiding further.

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