Dollar rises slightly against dong

By Thang Pham   April 24, 2023 | 01:20 am PT
Dollar rises slightly against dong
An employee counts Vietnamese banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar rose against the Vietnamese dong Monday morning.

Vietcombank sold the dollar at VND23,670 Monday, up 0.04% from Sunday.

Eximbank sold the greenback at an unchanged rate of VND23,640.

The rates at Techcombank and ACB are both stable at VND23,670 and VND23,700 respectively.

The State Bank of Vietnam (SBV)’s reference rate remained at VND23,636.

The USD is sold at VND23,500 on the black market, down 0.09%.

The USD/VND exchange rate has decreased by 0.25% since the beginning of the year.

Globally, the dollar began the last trading week of the month on a firmer footing, with traders awaiting a slew of central bank policy meetings that could signal how soon the steep increases in interest rates globally might come to an end, Reuters reported.

U.S. Federal Reserve policymakers are widely expected to raise rates by another 25 basis points at next week's Federal Open Market Committee (FOMC) meeting, though the focus will be on the guidance for the future rate path.

The U.S. dollar rose broadly against most major currencies in Asia trade, with the euro and sterling slipping 0.07% to $1.0981 and 0.06% to $1.2437, respectively.

The Aussie fell 0.29% to $0.6674.

The U.S. dollar index rose 0.13% to 101.81, but was on course for a monthly loss of more than 0.7%, having fallen over 2% in March.

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