Dollar rises marginally against dong
The U.S. dollar rose against the Vietnamese dong Thursday morning, but declined against the Indian rupee and the Japanese yen.
The Vietnamese dong saw only a marginal rise against the U.S. dollar, with Vietcombank selling the greenback at VND26,270, up 0.04% from the previous rate. Conversely, on the parallel market, the dollar experienced a slight decline, falling to VND25,870, a 0.42% decrease.
Meanwhile, the Indian rupee is poised to continue its recent upward trend on Thursday. This anticipated rally comes after foreign-currency non-resident bank deposits witnessed a surge of $127 billion, exceeding market forecasts. This significant inflow bolstered the Reserve Bank of India's ability to support the currency's stability, according to Reuters.
Traders predict the rupee's opening range will likely be between 94.30 and 94.35 against the U.S. dollar, following its closing price of 94.97 on Wednesday. Despite the rupee's gains, the Japanese yen demonstrated further strength, extending its gains after a sudden surge in the previous session. The yen reached an intraday high of 157.95 per dollar in Asia, marking a 0.9% increase overnight.
Although traders were initially concerned about potential official intervention from Japanese authorities, the magnitude and brief duration of the move suggested otherwise.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
