U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar slightly moved up on the black market Saturday morning.
Unofficial exchange points sold the greenback at VND26,550, up 0.19% from Friday.
Vietcombank maintained its rate at VND26,110.
The State Bank of Vietnam’s reference rate was steady at VND24,960.
The dollar has risen 3.91% against the dong since the beginning of the year.
Globally the dollar strengthened on Friday after the latest round of economic data showed a rebound in import prices while consumer sentiment remained subdued as tariff worries jumped, putting it on pace for a fourth straight weekly advance, Reuters reported.
The greenback began the week with a surge of more than 1% on Monday after the United States and China announced a 90-day pause on most of the tariffs imposed on each other’s goods since early April, easing fears of a global recession, but had been trending lower throughout the week in part due to tepid economic data.
The dollar index, which measures the greenback against a basket of currencies, rose 0.36% to 101.13, with the euro down 0.37% at $1.1146.
