Dollar gains over dong

Vietcombank sold the dollar at VND23,670, up 0.04% from Tuesday.

Other banks kept it mostly unchanged.

Eximbank sold the greenback at VND23,620, and Techcombank VND23,673.

The State Bank of Vietnam maintained its reference rate at VND23,699.

The dollar was stable on the black market at VND23,550.

It has fallen against the dong by 0.25% since the beginning of the year.

Globally the dollar fell to near a three-week low to the euro and a one-month low versus sterling on Wednesday, after unexpectedly soft U.S. inflation data cemented the view that the Federal Reserve will skip an interest rate hike later in the day, Reuters reported.

The dollar index – which measures the currency against six major peers, including the euro and sterling – was little changed at 103.29 in early Asian trading, after dipping to the lowest since May 22 overnight at 103.04.