Dollar tiptoes up over dong

By Dat Nguyen   December 4, 2023 | 11:30 pm PT
Dollar tiptoes up over dong
An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The U.S. dollar rose against the Vietnamese dong Tuesday morning.

Vietcombank sold the dollar at VND24,440, up 0.14% from Monday.

The State Bank of Vietnam kept its reference rate stable at VND23,926.

The greenback rose 0.24% to VND24,680 on the black market.

It has increased by 2.99% since the beginning of the year.

Globally the U.S. dollar regained some ground on Tuesday and hovered near a one-week high against a basket of currencies, while the Australian dollar fell after its central bank left interest rates unchanged, Reuters reported.

The Aussie was last down 0.63% at $0.6578 after the Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35% on Tuesday, as widely expected, and noted that economic data received since November had been broadly in line with forecasts.

That left the Antipodean currency some distance away from Monday's four-month top of $0.6690, which it hit on the back of the U.S. dollar's decline over the past few sessions.

"The Aussie has had a great run in recent weeks and was arguably overbought over the near-term," said Matt Simpson, senior market analyst at City Index.

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