Dollar slips against dong

By Dat Nguyen   September 19, 2023 | 08:52 pm PT
Dollar slips against dong
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 Wednesday morning.

Vietcombank sold the dollar at VND24,495, down 0.20% from Tuesday.

The State Bank of Vietnam raised its reference rate by 0.08% to VND24,079.

The greenback was sold at VND24,430 on the black market, up 0.33%.

It has increased by 3.22% against the dong since the beginning of the year.

Globally the dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day, Reuters reported.

The U.S. dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed’s rate decision.

Markets expect the Fed will almost certainly keep rates on hold at 5.25% to 5.50%, putting the focus on the central bank’s forward guidance.

 
 
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