An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar rose against the Vietnamese dong Thursday morning as it moved closer to a two-year high globally.
Vietcombank sold the greenback at VND25,519, up 0.11% from Wednesday.
The State Bank of Vietnam hiked its reference rate by 0.11% to VND24,304.
The dollar inched up 0.12% to VND25,750 on the black market.
Globally the dollar flirted with a two-year peak on Thursday after the Federal Reserve signaled a slower pace of rate cuts in 2025, while the yen blipped lower after the Bank of Japan (BOJ) stood pat on rates, Reuters reported.
The dollar index steadied at 108.05, near Thursday’s two-year top of 108.27.
