Dollar rises over dong

By Dat Nguyen   July 25, 2023 | 11:18 pm PT
Dollar rises over dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar rose against the Vietnamese dong Wednesday morning.

Vietcombank sold the dollar at VND23,835, up 0.02% from Tuesday.

Eximbank raised its rate by 0.04% to VND23,830.

The State Bank of Vietnam kept its reference rate stable at VND23,746.

The dollar was sold at VND23,700 on the black market, down 0.08%.

It has gained over the dong by 0.44% since the beginning of the year.

Globally the dollar hovered close to a two-week high versus the euro on Wednesday, while the yen consolidated near the middle of its range this month as traders awaited crucial policy decisions from the nations' central banks this week. The Australian dollar slid after benign inflation data suggested the Reserve Bank of Australia would forgo a rate hike next week, Reuters reported.

The U.S. dollar index - which measures the currency against six major peers, but is heavily weighted toward the euro - edged 0.06% higher to 101.37 in the Asian morning, after pushing as high as 101.65 overnight for the first time since July 11.

The euro slipped 0.16% to $1.1042, bringing it close to the previous session's low of $1.1036, a level last seen on July 12.

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