Dollar strengthens over dong

By Dat Nguyen   October 25, 2023 | 09:00 pm PT
Dollar strengthens over dong
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar gained against the Vietnamese dong Thursday morning.

Vietcombank sold the dollar at VND24,760, up 0.16% from Wednesday.

The State Bank of Vietnam raised its reference by 0.03% to VND24,095.

The dollar was stable at VND24,600 on the black market.

It has increased against the dong by 4.34% since the beginning of the year.

Globally the dollar was firm on Thursday, hovering near a one-week high as Treasury yields rose and investor appetite for riskier currencies dimmed, while the yen breached 150 per dollar to keep traders jittery about the prospect of intervention, Reuters reported.

The Japanese yen touched a fresh one-year low of 150.32 per dollar overnight and was last at 150.26.

The Australian dollar slid to an 11-month low of $0.6276 and was last down 0.35% at $0.6287. A surprisingly high reading for inflation on Wednesday stoked expectations of a further hike in interest rates.

Against a basket of currencies, the dollar was at 106.58, just shy of the one-week high of 106.61 it touched on Wednesday.

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