A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey Nov. 11, 2021. Photo by Reuters
The U.S. dollar rose against the Vietnamese dong Saturday morning on the black market amid flat developments globally.
Unofficial exchange points sold the greenback 0.18% higher at VND27,750.
Vietcombank kept its rate unchanged at VND26,352.
The State Bank of Vietnam’s reference rate was steady at VND25,098.
Globally the U.S. dollar was almost flat on Friday after dipping following fresh inflation data that showed U.S. consumer prices increased less than expected in September, keeping the Federal Reserve on track to cut interest rates again next week, Reuters reported.
The U.S. dollar index was last down 0.021% at 98.934, after earlier falling as much as 0.2%, still on track for a modest weekly gain.
“The headline was a bit softer than expected,” said Marc Chandler, chief market strategist at Bannockburn Capital Markets.
“The dollar was sold on the news, even though the market had nearly 100% confidence before the report that the Fed would cut rates, not only next week, but in December.”
