Dollar slips after gaining streak

By Dat Nguyen   February 26, 2024 | 08:49 pm PT
Dollar slips after gaining streak
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar fell slightly against the Vietnamese dong Tuesday after a three sessions rising.

Vietcombank sold the dollar at VND24,820 Tuesday, down 0.08% from Monday.

The State Bank of Vietnam set its reference rate at VND24,014, up 0.08%.

The greenback gained 0.20% to VND25,350 on the black market.

It has increased over the dong by 1.64% since the beginning of the year.

Globally the dollar traded on the back foot on Tuesday, as markets looked ahead to a week of U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest rates, Reuters reported.

The U.S. dollar index , which measures the currency against a basket of peers including the euro and yen, traded flat at 103.77 in Asian time, following a 0.17% slide on Monday.

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