Saturday, February 24, 2024

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

Dollar slips against dong

The U.S. dollar fell against the Vietnamese dong Thursday morning.

Dollar slips against dong

Vietcombank sold the dollar at VND23,610 Thursday, down 0.06% from Wednesday.

Techcombank lowered its rate by 0.14% to VND23,590.

Eximbank maintained the greenback at VND23,600.

The State Bank of Vietnam (SBV)’s reference rate is at VND23,672, up 0.07%.

The dollar fell 0.09% to VND23,450 on the black market.

It has declined by 0.51% against the dong since the beginning of the year.

Globally the U.S. dollar held near a seven-week peak on Thursday, after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a damaging debt default, while the Aussie dollar slipped after disappointing jobs data.

Biden and McCarthy on Wednesday underscored their determination to strike a deal soon to raise the government’s $31.4 trillion debt ceiling, having agreed a day earlier to negotiate directly after a months-long standoff.

The euro was pressured near an over six-week low at $1.0841. The single currency had bottomed at $1.08105 on Wednesday, its lowest since April 3.

The Japanese yen last bought 137.50 per dollar, having fallen nearly 1% on Wednesday.

“The dollar typically falls in the lead up to the debt ceiling being reached … so I think the dollar gains overnight were partly an unwinding of previous falls driven by concerns about a U.S. default,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia.

- Advertisement -

Also worth reading

Related

Explore more

Philippines introduces workplace cancer screening for early detection

Saddled with high cancer rates and late diagnoses, the Philippines is trying a whole new tack: asking businesses to step into state shoes and screen millions of workers for early signs of the disease.
- Advertisement -