Dollar rises against dong on black market
The U.S. dollar rose against the Vietnamese dong on the black market Wednesday morning as it slipped against the yen.
The U.S. dollar experienced a slight increase against the Vietnamese dong on the black market, rising to approximately VND25,760 per dollar. This change is in contrast to the official exchange rate set by the State Bank of Vietnam, which remains at VND25,594. The dollar's strength is attributed to global factors, including rising oil prices nearing $100 per barrel and geopolitical tensions in the Middle East.
The dollar index, which tracks the U.S. currency against six major currencies, dipped to 98.15, nearing its lowest point in nearly two weeks. Meanwhile, the Japanese yen strengthened to 153.65 per dollar, nearing its highest level in seven months. The euro and British pound remained relatively stable, trading at $1.1631 and $1.3546 respectively.
Analysts suggest that ongoing concerns over higher energy prices and the upcoming inflation data will likely keep the dollar from experiencing a significant decline, despite the recent positive economic indicators in the U.S.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
