Dollar rises slightly against dong

By Minh Hieu   March 14, 2024 | 11:00 pm PT
The U.S. dollar went up marginally against the Vietnamese dong Friday morning.

Vietcombank sold the dollar at VND24,910, up 0.16% from Thursday.

The State Bank of Vietnam (SBV) also increased its reference rate by 0.05% to VND23,979.

The greenback is sold at VND25,560 on the black market, up 0.47%.

It has increased against the dong by 2.01% since the beginning of the year.

Globally, the dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected U.S. inflation data stoked worries about when and by how much the Federal Reserve would start cutting interest rates this year, Reuters reported.

The dollar index, which measures the U.S. currency against six rivals, was 0.058% higher at 103.44, after rising 0.55% on Thursday. The index is on track for a 0.7% rise for the week, its first week of gain in four.

The euro was down 0.04% to $1.0877, while sterling was 0.10% lower at $1.2738.

The yield on 10-year Treasury notes eased 1.4 basis points to 4.284% in Asian hours, having gained as much as 10.6 basis points on Thursday.

The Japanese yen was a touch weaker at 148.49 per dollar and is on course for a nearly 1% weekly decline, its steepest weekly decline since January as the will-they-won't-they uncertainty around the Bank of Japan's policy movement keeps traders on edge.

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