U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar gained slightly against the Vietnamese dong Thursday morning, highest since March 4.
Vietcombank sold the dollar at VND25,740, up 0.04% from Wednesday.
The State Bank of Vietnam hiked its reference rate by 0.07% to VND24,807.
Unofficial exchange points sold the greenback at VND25,940, up 0.39%.
The dollar has risen 0.74% against the Vietnamese dong since the beginning of the year.
Globally the dollar was softer on Thursday after the Federal Reserve indicated interest rate cuts were likely later this year even as uncertainty around U.S. tariffs weighed, while the pound hit a four-month high ahead of the Bank of England’s policy decision, Reuters reported.
The dollar index, which measures the U.S. currency against six rivals, was steady at 103.41 in early trading but hovering close to the five-month low touched earlier this week. The euro was last steady at $1.09085.
The yen was a bit stronger at 148.36 per dollar, a day after the Bank of Japan kept rates steady and warned of heightening global economic uncertainty, suggesting the timing of further rate hikes will depend largely on the fallout from U.S. tariffs.
