Dollar rises marginally over dong

By Dat Nguyen   October 30, 2023 | 10:50 pm PT
Dollar rises marginally over dong
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar gained against the Vietnamese dong Tuesday morning.

Vietcombank sold the dollar at VND24,730 Tuesday, up 0.02% from Monday.

The State Bank of Vietnam lowered its reference rate by 0.04% to VND24,087.

The dollar was kept stable at VND24,600 on the black market.

It has increased over the dong by 4.21% since the beginning of the year.

Globally, the yen weakened on Tuesday after the Bank of Japan (BOJ) stuck to its dovish stance in a keenly-awaited policy decision, disappointing speculators who had expected the central bank to start tightening its ultra-loose monetary policy settings, Reuters reported.

That sent the yen sliding nearly 0.7% against the dollar, past the 150 per dollar threshold to hit an intraday low of 150.12, before steadying to 149.93 per dollar.

The euro similarly jumped roughly 0.5% against the yen following the decision. The single currency last bought 158.87 yen.

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