Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado Nov. 3, 2009. Photo by Reuters
The U.S. dollar gained against the Vietnamese dong Thursday morning to the highest level recorded.
Vietcombank hiked its rate by 0.08% to VND26,345.
The State Bank of Vietnam raised its reference rate by 0.08% to VND25,091.
On the black market the dollar gained 0.07% to VND26,470.
So far this year the greenback has surged 3.12% against the dong.
Globally the dollar wobbled on Thursday after a trade agreement between the United States and Vietnam fueled optimism over potential future deals ahead of a July 9 tariff deadline, while investors looked to payrolls to assess the Federal Reserve’s next steps, Reuters reported.
The dollar index, which measures the U.S. currency against six other units, was at 96.701, still near the 3-1/2-year lows it has been rooted to this week. The index is on course for a 0.5% drop in the week.
Eddy Loh, chief investment officer at Maybank Wealth Management, said the U.S. government may be “somewhat constrained about how much fiscal support they can do to boost the economy without creating too many deficit concerns.”
