Dollar increases against dong

Vietcombank sold the dollar at VND23,690, up 0.04% from Thursday.

Techcombank raised its rate by 0.03% to VND23,695.

Eximbank maintained the greenback at VND23,670.

The State Bank of Vietnam kept its reference rate stable at VND23,732.

The dollar was sold at VND23,625 on the black market, up 0.06%.

It has fallen against the dong by 0.17% since the beginning of the year.

Globally the dollar drew support from a bout of risk aversion on Friday as hawkish comments from global central banks, including the Federal Reserve, stoked fears that their aggressive monetary tightening could push economies into a deeper downturn, Reuters reported.

The dollar rose broadly and stood near an over seven-month high against the yen at 142.90. The Japanese currency has come under renewed pressure as the Bank of Japan continues to maintain its ultra-dovish stance in the face of its hawkish peers elsewhere.

The pound was last 0.07% lower at $1.2740, having jumped briefly in the wake of the Bank of England’s hike to a near one-year high, before being pulled lower. It was on track for a weekly loss of more than 0.5%, snapping three straight weeks of gains.