U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar declined marginally against the Vietnamese dong and inched up among major peers Thursday morning.
Vietcombank lowered its rate by 0.01% to VND25,455.
The State Bank of Vietnam’s reference rate fell 0.01% to VND24,243.
The greenback dropped 0.08% to VND25,760 on the black market.
It has risen against the dong by 4.15% since the beginning of the year.
Globally the dollar index, which measures the currency against six major rivals, rose 0.08% to 104.17, after softening the previous day. It hit its highest since July 30 at 104.63 on Tuesday, Reuters reported.
The dollar index, which measures the currency against six major rivals, rose 0.08% to 104.17, after softening the previous day. It hit its highest since July 30 at 104.63 on Tuesday.
“Data overnight reaffirmed the underlying strength of the U.S. economy, largely supporting what’s already built into the price rather than providing a fresh catalyst for a renewed push higher,” Westpac analysts wrote in a note.
The euro edged down 0.06% to $1.0849 after rising as high as $1.0871 on Wednesday. Regional inflation data and euro zone GDP came in stronger than expected on Wednesday, leading traders to trim back bets on an outsized rate cut from the European Central Bank in December.
Sterling stood at $1.29445, down 0.13% so far on the day.
