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 0.07% higher, equating to VND26,150 per dollar.
The State Bank of Vietnam reduced its reference rate by 0.01% to VND24,927.
In the black market, the U.S. 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.
Worldwide, the U.S. dollar declined against many of its key counterparts on Thursday, relinquishing some of the previous day’s advances as the Federal Reserve cautioned about escalating economic threats due to increased inflation and unemployment rates.
Reuters
reported.
Following a boost from U.S. President Donald Trump’s announcement of an impending “significant trade agreement,” which the New York Times suggested could involve Britain, the British pound surged, pulling up the value of the Australian dollar as well.
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.
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