Monday , June 17 2024

Dollar shoots up on black market


The U.S. dollar rose against the Vietnamese dong on the black market Friday morning.

Unofficial exchange points sold the greenback at VND23,800, up 0.42% from Thursday.

But Vietcombank lowered its rate by 0.17% to VND23,860.

Eximbank kept the dollar unchanged at VND23,670. Techcombank’s rate was also stable at VND23,900.

The State Bank of Vietnam raised its reference rate by 0.02% to VND23,833.

The dollar has increased over the dong by 0.55% since the beginning of the year.

Globally the dollar held tight ranges on Friday as investors awaited a key U.S. jobs report and weighed the prospect of higher-for-longer Federal Reserve interest rates against the economic growth outlook, Reuters reported.

The dollar index rose 0.03% to 103.12, while yields on U.S. Treasuries hovered near their recent peaks.

Against the greenback, the euro slipped 0.02% to $1.0890, while the New Zealand dollar was nursing some of its losses from the previous session and rose 0.09% to $0.6163.

Sterling was likewise lower against the dollar and last bought $1.2734, though it had on Thursday risen to a two-week high of $1.2780, as markets bet that the Bank of England will raise interest rates to 6.5% early next year, up from a previous expected peak of 6.25%.

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