Dong struggles as the dollar remains at a 3-month high
The U.S. dollar rose against the Vietnamese dong Thursday morning, continuing to stay at the highest level recorded since March 21.
14:59 29/06/2023
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 Thursday morning, continuing to stay at the highest level recorded since March 21.
Vietcombank sold the dollar at VND23,730, up 0.04% from Wednesday.
Techcombank raised the rate 0.08% higher to VND23,755.
Eximbank maintained its rate at VND23,670.
The State Bank of Vietnam increased its reference rate by 0.10% to VND23,783.
The dollar was unchanged at VND23,630 on the black market.
Globally the U.S. dollar was little changed against a basket of major currencies on Thursday, after rising 0.5% overnight, aided by hawkish comments from Powell and quarter-end rebalancing flows.
The greenback is down 0.5% in the first half of the year after hitting a decade high last year.
The yen regained some composure on Thursday, rising 0.2% to 144.26, but still just a touch below an eight-month low of 144.62 hit overnight, with markets on egde for signs of intervention from Japanese officials.
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