U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. Photo by Reuters
The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning.
The greenback was sold 0.35% higher at VND25,850 at unofficial exchange points.
Vietcombank kept its rate unchanged at VND25,538.
The State Bank of Vietnam’s reference rate was steady at VND24,322.
The dollar has risen 5.77% since the beginning of the year.
Globally the dollar index, which measures the currency against six other major currencies, eased 0.06%, with a 0.2% weekly gain, and showed a 6.6% 2024 gain, Reuters reported.
Fed Chair Jerome Powell said earlier this month that U.S. central bank officials “are going to be cautious about further cuts” after an as-expected quarter-point rate reduction.
