U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar fell marginally against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback at VND25,800, down 0.19% from Friday.
Vietcombank kept its rate unchanged at VND25,550. The State Bank of Vietnam’s reference rate was stable at VND24,334.
The dollar rose 4.5% against the dong last year.
Globally the dollar dipped on Friday but was on track for its strongest weekly performance in a month on expectations that the U.S. economy will continue to outperform its peers globally this year and that U.S. interest rates will stay relatively higher, Reuters reported.
The dollar index was last down 0.28% on the day at 108.91, after hitting a two-year high of 109.54 on Thursday. It was on track for a weekly gain of 0.85%.
