Dollar rises on black market

By Dat Nguyen   August 10, 2023 | 07:41 pm PT
Dollar rises on black market
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar gained slightly against the Vietnamese dong on the black market Friday morning.

Unofficial exchange points sold the greenback 0.02% higher at VND23,815.

Vietcombank kept its rate stable at VND23,910.

The State Bank of Vietnam (SBV) raised its reference rate by 0.05% to VND23,837.

The the dollar has gained over the dong by 0.76% since the beginning of the year.

Globally the dollar was steady on Friday as traders wagered that the Federal Reserve is done with rate hikes after data showed U.S. consumer prices increased moderately in July, while the yen was flirting with the psychologically key 145 level, Reuters reported.

The Japanese yen eased 0.10% to 144.89 per dollar in early Asian hours, its lowest since June 30, when it also briefly breached 145 per dollar level, stoking investor fears of another round of interventions from the Japanese authorities.

The yen was also lower against the euro at 159.135, just shy of the 15-year peak of 159.19 it touched on Thursday.

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