Dollar’s rally against dong continues

By Dat Nguyen   October 3, 2023 | 08:02 pm PT
Dollar’s rally against dong continues
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 Wednesday morning.

Vietcombank sold the dollar at VND24,560, up 0.04% from Tuesday.

The State Bank of Vietnam kept its reference rate unchanged at VND24,085.

The dollar was stable at VND24,550 on the black market.

It has increased over the dong by 3.50% since the beginning of the year.

Globally the dollar charged higher on the back of upbeat data on Tuesday showing U.S. job openings unexpectedly increased in August amid a surge in demand for workers in the professional and business services sector, Reuters reported.

That sent the greenback to a near 11-month high of 107.34 against a basket of currencies , with the dollar index last at 107.07.

Sterling edged 0.03% lower to $1.20745, languishing near the previous session's close to seven-month low of $1.20535.

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