A close-up of a dollar bill. Photo by Pixabay/amrothman
The U.S. dollar increased against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.36% higher at VND27,900. Vietcombank kept its rate unchanged at VND26,378.
Globally the dollar gained on the euro and was roughly flat against the yen on Friday as stocks recovered from a sharp selloff and traders weighed whether the Federal Reserve is likely to cut rates in December, Reuters reported.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.07% to 99.31, with the euro down 0.12% at $1.1617.
Against the Japanese yen, the dollar weakened 0.02% to 154.52.
The pound tumbled against both the dollar and the euro after media reports, including from Reuters, that British Prime Minister Keir Starmer and Finance Minister Rachel Reeves have abandoned plans to raise income tax rates, marking a sharp shift just weeks ahead of the November 26 budget.
The British currency was last down 0.24% at $1.3158. The euro hit its highest rate to the pound since April 2023.
