Monday , October 14 2024

Dollar rises to new peak over dong after trading band widened


The U.S. dollar climbed to a new peak against the Vietnamese dong Tuesday after the State Bank of Vietnam widened the dong’s trading band from 3% to 5%.

Vietcombank hiked its rate by 0.29% to VND24,510. This means the VND has depreciated by 6.94% since the beginning of the year.

Techcombank adjusted the rate up 0.24% to VND24,550, while Eximbank increased it up by 0.29% to VND24,520.

The central bank raised its reference rate by 0.22% to VND23,637.

The central bank sold dollars worth at least $20 billion in the first nine months of to keep the forex market stable, thereby reducing Vietnam’s foreign exchange reserves to $90 billion.

The U.S. Dollar Index, which measures the greenback’s strength against six major currencies, hovers around the highest level since June 2022 at 111.885 points.

Read More :
- Reduce Hair Loss with PURA D’OR Gold Label Shampoo
- Castor Oil Has Made a “Huge” Difference With Hair and Brow Growth
- Excessive hair loss in men: Signs of illness that cannot be subjective
- Dịch Vụ SEO Website ở Los Angeles, CA: đưa trang web doanh nghiệp bạn lên top Google
- Nails Salon Sierra Madre