Dollar steadies at year-to-date peak

By Dat Nguyen   February 28, 2024 | 08:47 pm PT
Dollar steadies at year-to-date peak
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar rose against the Vietnamese dong Thursday and steadied around the highest level this year.

Vietcombank sold the dollar at VND24,820, up 0.12% from Wednesday.

The State Bank of Vietnam (SBV)’s reference rate fell 0.05% to VND24,002.

The dollar dropped 0.32% to VND25,430 on the black market.

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

Globally the U.S. dollar held firm on Thursday in the lead up to U.S. inflation data that could ruffle the interest rate outlook, while the yen found its footing after comments from Bank of Japan official hinted at the need to exit ultra-easy policies, Reuters reported.

Bitcoin remained on the charge having topped $63,000 overnight as it rides a wave of cash rushing to new U.S. bitcoin exchange-traded funds. It is up more than 45% this month, its largest gain since December 2020 and a record high above $69,000 is within sight. It was last at $61,315.

The yen is down 2% on the dollar in February and 2.7% on the euro - its largest monthly slide on the common currency since last June which has carried it to three-month lows.

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