An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar dropped against the Vietnamese dong on the black market Monday morning.
Unofficial exchange pints sold the greenback at VND25,000, down 0.87% from Sunday.
Vietcombank maintained its rate at a three-week high of VND24,680.
The State Bank of Vietnam raised its reference rate by 0.03% to VND23,979.
The greenback has gained over the dong by 1.06% since the beginning of the year.
Globally the dollar was steady on Monday after data last week showing U.S. inflation remained sticky cast doubts on when the Federal Reserve would start its easing cycle, while the yen remained rooted near the psychologically key 150 per dollar level, Reuters reported.
The dollar index, which measures the U.S. currency against six major rivals, started the week down 0.058% at 104.14 after clocking five straight weeks of gains. The index is up 3% this year.
The yen has hovered around 150 level in the last few days, prompting officials to comment on the currency moves and keeping markets on alert to a possible intervention by Japanese authorities.
News Related-
Google Pixel 8 Pro Review: Is this the best Android phone of 2023?
-
Namwater Dam Bulletin on Monday 27 November 2023
-
Dr Yunus appointed chair of Moscow Financial University's international advisory board
-
Victory over Nigeria puts Uganda on the brink
-
BoG holds policy rate at 30%, tightens liquidity measures
-
When sea levels rise, so does your rent
-
American International School CEO honoured as ‘Icon of Inspiration and Impact’
-
Sierra Leone prison breaks co-ordinated - minister
-
Address the rise of single parenthood
-
Hyundai Chief Picked as Auto Industry Leader of the Year
-
Unmarried People Under 35 Outnumber Married Ones
-
European interior ministers in Hungary to discuss migration
-
Japan on the watch for unlicensed taxis around Narita airport amid foreign tourism spike
-
ECOWAS to send high-powered delegation on solidarity visit to Sierra Leone