Dollar moves up at banks

Vietcombank sold the dollar at VND23,790 Wednesday, up 0.08% from Tuesday.

Eximbank raised the greenback up 0.13% to VND23,780. The rate at Techcombank was VND23,785, up 0.04%.

The State Bank of Vietnam raised its reference rate up 0.01% to VND23,630.

The dollar is sold at VND23,700 on the black market, up 0.3%.

It has gained over the dong by 0.25% since the beginning of the year.

Globally the U.S. dollar was steadfast on Wednesday, following U.S. inflation data and remarks from central bank officials that have investors worrying interest rates are going to be higher for longer, Reuters reported.

The dollar touched a six-week high of 133.30 Japanese yen overnight and hovered at 132.80 yen on Wednesday. It had a bumpier ride against other currencies following the CPI data, but seems to be pausing following a January slide.

The dollar index was steady at 103.32. The Australian dollar eased a bit to $0.6959 even as central bank Governor Philip Lowe said rates would need to rise further to contain inflation in remarks to a parliamentary committee.