Monday , May 27 2024

Dollar falls against dong on black market

The U.S. dollar fell marginally against the Vietnamese dong on the black market Saturday morning.

Unofficial exchange points sold the greenback at VND24,720, down 0.08% from Friday.

Vietcombank kept the dollar steady at VND24,400.

The State Bank of Vietnam’s reference rate was stable at VND23,915.

The dollar has increased against the dong by 2.82% since the beginning of the year.

Globally the dollar index edged down on Friday, hitting a near five-month low as data showed annual U.S. inflation slowed further below 3% in November, cementing market expectations for a U.S. interest rate cut next March, Reuters reported.

The dollar index was last down 0.08 % at 101.7, after dipping as low as 101.42, its lowest since late July.

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