Dollar gains little against dong

dollar.jpg

The U.S. dollar rose against the Vietnamese dong Wednesday morning.

Vietcombank sold the dollar at VND24,450, up 0.08% from Tuesday.

The State Bank of Vietnam raised its reference rate by 0.10% to VND23,951.

The greenback went up 0.08% to VND24,700 on the black market.

It has increased against the dong by 3.03% since the beginning of the year.

Globally, the dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, while wagering the Federal Reserve will cut rates next year.

The dollar index, which measures the U.S. currency against six rivals, was 0.019% higher at 103.99, having climbed 0.3% overnight. The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year.

The euro was at $1.0795, having dropped to three-week low of $1.07785 on Tuesday.

Sterling was last at $1.2601, up 0.06% on the day. The Japanese yen strengthened 0.03% to 147.12 per dollar.


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X