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 weakened against the Vietnamese dong Monday morning while rising against major peers.
Vietcombank sold the greenback at VND26,460, down 0.04% over the weekend. The currency slid 0.32% to around VND26,324 on the black market.
The State Bank of Vietnam raised its reference rate by 0.02% to VND25,220.
Globally, the dollar rose against most of its peers on Monday as a renewal of hostilities in the Middle East fanned inflation fears and raised prospects for interest rate hikes among global central banks, Reuters reported.
The U.S. dollar index, which measures the greenback’s strength against a basket of six currencies, was up 0.1% at 101.13 after earlier touching its highest level since July 8.
Against Japan’s currency, the dollar was up 0.2% at 162.075 yen. The euro weakened 0.1% to $1.1397 while the British pound slipped 0.2% to $1.3374. The Australian dollar was down 0.3% at $0.6928 while its kiwi counterpart eased 0.1% to $0.5757.
“After the flare-up into the end of last week which continued over the weekend, the dollar has responded, and the crude oil price has been the driver,” said Tony Sycamore, market analyst at IG in Sydney. “This reinflames concerns that if the energy prices rise from here, we could start to see rate hikes pulled forward.”
Sourcee.vnexpress.net
