Dollar goes flat against dong

Vietcombank sold the dollar at VND24,440, up 0.02% from Wednesday.

The State Bank of Vietnam (SBV)’s reference rate was steady at VND23,959.

The greenback rose 0.08% to VND24,700 on the black market.

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

Globally, the euro languished near a three-week low on Thursday as traders intensified bets that the European Central Bank (ECB) will start cutting rates from March next year, while the dollar was steady ahead of a crucial payrolls data later this week, Reuters reported.

The euro was up 0.05% at $1.0767, but remained close to lows of $1.07595 it touched on Wednesday. The single currency is down 1% this week and on course for the steepest weekly decline since May.

The dollar index, which measures the U.S. currency against six rivals, was little changed at 104.12, having risen 0.17% overnight. The index is up 0.9% this week, on course for its strongest weekly performance since July.