Dollar steadies at all-time high at banks

By Minh Hieu April 7, 2024 | 11:04 pm PT

An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy

The U.S. dollar maintained at an all-time high in banks while it inched up at unofficial exchange points Monday morning.

Vietcombank kept the dollar steady at VND25,120, a record price established last week.

It is sold at VND25,520 on the black market, up 0.14%.

The State Bank of Vietnam kept its reference rate unchanged at VND24,038.

The greenback has gained over the dong by 2.87% since the beginning of the year.

Globally, the dollar was firm but sluggish in Asian trading on Monday as investors looked ahead to U.S. inflation data after the big payrolls number last week, and as Treasury yields reached for December highs, Reuters reported.

The dollar was just marginally higher, with the Canadian dollar the biggest loser at 0.5% among the six currencies in the dollar's trade-weighted index.

The dollar "can remain supported this week if the U.S. CPI for March remains solid as we expect," analysts at Commonwealth Bank of Australia said.

The euro was down 0.09% at $1.0825. The Japanese yen weakened 0.06% versus the greenback to 151.70 per dollar, while sterling was last trading at $1.2615, down 0.17% on the day.