On Thursday morning, the U.S. dollar saw a slight increase against the Vietnamese dong but declined when compared to most significant currencies.
Vietcombank sold its dollars at a rate of VND26,150, which was 0.07% higher than before.
The State Bank of Vietnam reduced its reference rate by 0.01% to VND24,927.
In the underground market, the US dollar weakened by 0.07% to VND26,510.
The value of the dollar has increased by 2.34% compared to the dong since the start of the year.
Globally the U.S. dollar weakened against most of its major peers on Thursday, giving back some of Wednesday’s gains after the Fed warned of rising risks to the economy from higher inflation and unemployment,
Reuters
reported.
Following a boost from the British Pound, which also lifted the Australian Dollar, U.S. President Donald Trump announced that he would unveil “a significant trade agreement” later in the day. According to reports from The New York Times, this deal was expected to involve Britain.
The pound rose 0.4% to $1.3341, despite expectations that the Bank of England would soon declare a quarter-point interest rate reduction later that day.
Leave a Reply