Dollar slips against dong

By Dat Nguyen   April 26, 2023 | 09:57 pm PT
Dollar slips against dong
An employee counts Vietnamese banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar fell against the Vietnamese dong at banks on Thursday morning.

Vietcombank sold the dollar at VND23,640 Thursday, down 0.04% from Wednesday.

Eximbank lowered the greenback by 0.08% to VND23,610. Techcombank brought it down by 0.06% to VND23,647.

The State Bank of Vietnam (SBV)’s reference rate was unchanged at VND23,639.

The dollar was sold at VND23,500 on the black market, up 0.09%.

It has depreciated against the dong by 0.38% since the beginning of the year.

Globally the euro hovered near a one-year high versus the dollar on Thursday, as Europe’s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession, Reuters reported.

The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session.

The yen was in a holding pattern as the Bank of Japan began a two-day policy meeting, the first under new governor Kazuo Ueda.

Europe’s single currency ticked up 0.05% to $1.10415, edging back toward the overnight peak at $1.1096, the highest since April of last year.

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