Dollar up against dong
The U.S. dollar strengthened against the Vietnamese dong Wednesday morning while trading near multi-week highs against some major peers.
The U.S. dollar reached multi-week highs against several major currencies on Wednesday, as traders anticipate a Federal Reserve policy decision that may lead to the first of potentially multiple interest-rate hikes. The dollar index, which measures the greenback's strength against six currencies, neared a two-week high at 99.675.
Vietcombank sold the greenback at VND26,180 on Wednesday, a 0.19% increase from the previous day. On the black market, the dollar hovered around VND25,770. The State Bank of Vietnam raised its reference rate by 0.04% to VND25,626.
Internationally, the dollar was near multi-week highs against a handful of major currencies. The U.S. dollar index, which tracks the greenback's performance against a basket of currencies, was close to a two-week high at 99.675. The dollar strengthened alongside yields overnight, with the euro, sterling, yen, and New Zealand dollar weakening against it.
The euro was at $1.1535, near its one-month low of $1.1523, while the sterling was at $1.3470, slightly above its six-week low of $1.3464. The New Zealand dollar fell to a two-month low of $0.5749 in Asian morning trade, while the yen weakened to a one-week low of 155.43 per dollar.
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