Tuesday, September 26, 2023

Latest Vietnam news, business, sports, life, travel reviews

Dollar climbs against dong

The U.S. dollar rose against the Vietnamese dong Friday morning.

Dollar climbs against dong

Vietcombank sold the dollar at VND23,660, up 0.08% from Thursday.

Eximbank kept the greenback unchanged at VND23,620.

Techcombank maintained its rate at VND23,646.

The State Bank of Vietnam raised its reference rate up 0.11% to VND23,711.

The dollar was sold at VND23,525 on the black market, up 0.19%.

It has decreased against the dong by 0.29% since the beginning of the year.

Globally the dollar stood near a two-month high against its major peers on Friday and was headed for a third weekly gain on expectations that U.S. interest rates could remain higher for longer than initially expected, Reuters reported.

The greenback was up in early Asia trade and sat at 139.82 yen, having peaked at 140.23 yen in the previous session, its highest since November.

The U.S. dollar index edged 0.05% lower to 104.18, jut off of Thursday’s two-month high of 104.31.

The index is up 1% for the week, headed for a third weekly gain, as traders ramped up their expectations of how much further rates could rise in the U.S.

- Advertisement -

Also worth reading


Explore more

Vietnam opposes China’s ship identification stations in Paracel Islands

Vietnam has opposed China for installing ship automatic identification stations in the Paracel Islands, calling it a violation of sovereignty.
- Advertisement -