A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey Nov. 11, 2021. Photo by Reuters
The U.S. dollar went up against the Vietnamese dong Thursday morning while remaining low against major peers.
Vietcombank sold the dollar 0.04% higher at VND26,460.
The State Bank of Vietnam lowered its reference rate by 0.03% to VND25,240.
The dollar inched up 0.02% to VND26,505 on the black market.
Globally the U.S. dollar languished at multi-week lows against major peers on Thursday as traders ramped up bets for the Federal Reserve to resume cutting interest rates next month, Reuters reported.
Rising expectations for Fed easing combined with increasing institutional cryptocurrency investment powered bitcoin to a fresh record peak.
The U.S. dollar dropped 0.7% to 146.38 yen, its weakest since July 24.
Sterling edged up enough to reach its highest since July 24 at $1.3590.
The euro hovered at $1.1712, just below Wednesday’s peak of $1.1730, a level last seen on July 28.
The U.S. dollar index, which measures the currency against those three rivals and three other major counterparts, eased slightly to 97.673. It dropped some 0.8% over the previous two sessions, having dipped to 97.626 on Wednesday for the first time since July 28.
