Dollar slips against dong

By Dat Nguyen   April 25, 2024 | 01:37 am PT
Dollar slips against dong
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar dropped slightly against the Vietnamese dong Thursday afternoon.

Vietcombank sold the dollar at VND25,477, down 0.04% from Wednesday.

The State Bank of Vietnam lowered its reference rate by 0,04% to VND24,264.

The greenback was stable at VND25,700 on the black market.

It has increased against the dong by 4.33% since the beginning of the year.

Globally the yen dropped against the U.S. dollar on Wednesday to its weakest since mid-1990 above the key 155 area, with markets alert to any signs of intervention from Japanese authorities to prop up their currency, Reuters reported.

The dollar rose as high as 155.37 yen, its strongest since mid-1990, before falling back in choppy trading, which is a sign of market nervousness around the 155 level. It was last at 155.26, up roughly 0.3%.

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