Dollar rises on black market

By Dat Nguyen   June 27, 2023 | 08:01 pm PT
Dollar rises on black market
A trader counts U.S. dollar banknotes at a currency exchange booth in Peshawar, Pakistan September 15, 2021. Photo by Reuters/Fayaz Aziz
The U.S. dollar rose against the Vietnamese dong on the black market Wednesday morning.

Unofficial exchange points sold the greenback 0.08% higher from Tuesday at VND23,630.

Vietcombank let it slide 0.02% to VND23,705.

Eximbank maintained the dollar at VND23,670, and Techcombank sold it at VND23,710.

The State Bank of Vietnam kept its reference rate stable at VND23,760.

The dollar has dropped against the dong by 0.11% since the beginning of the year.

Globally the U.S. dollar was barely changed on Wednesday, with resilient economic data easing investor worries over a recession and lifting risk sentiment, though that also indicated that the Federal Reserve may have to continue raising rates, Reuters reported.

The Australian dollar fell sharply as consumer inflation eased in May.

Data showed that U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years, while business spending appeared to hold up in May, indicating the economy remained on solid footing.

Against a basket of currencies, the dollar rose 0.029% to 102.53, after slipping 0.24% overnight. The dollar index is on course to log a decline of about 1.5% for the month.

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