Dollar rises slightly against dong

By Minh Hieu   February 4, 2024 | 08:37 pm PT
Dollar rises slightly against dong
U.S. banknotes seen in an illustration. Photo by Pixabay
The U.S. dollar went up marginally against the Vietnamese dong Monday morning.

Vietcombank sold the dollar at VND24,570 Monday, up 0.29% from Sunday.

The State Bank of Vietnam (SBV), however, lowered its reference rate by 0.02% to VND23,954.

The dollar inched up 0.12% to VND24,970 on the black market.

It has increased against the dong by 0.61% since the beginning of the year.

Globally, the dollar rose to an eight-week high against its major peers on Monday as traders clawed back bets for aggressive rate cuts by the Federal Reserve this year in view of a still-resilient U.S. economy, Reuters reported.

The yen as well as the Australian and New Zealand dollars meanwhile tumbled to two-month lows, while the euro similarly bottomed at a more than one-month trough of $1.07675 against a stronger greenback.

The dollar index peaked at 104.18, its highest since December.

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