Dollar strengthens against dong on black market
The U.S. dollar rose against the Vietnamese dong Thursday afternoon on the black market.
The dollar strengthened against the Vietnamese dong on the black market, rising 0.19% to VND25,820 at unofficial exchange points. Vietcombank maintained its rate at VND26,180. Globally, the dollar reached a seven-week high on Thursday following the Federal Reserve's decision to raise interest rates and indicate further hikes in the future.
Traders are now focusing on the potential responses of central banks in the U.K. and Japan to inflation pressures, as reported by Reuters. The dollar surged alongside U.S. Treasury yields after the appointment of Kevin Warsh as the new central bank chief, with officials confirming a hawkish stance and projecting another rate increase in 2026.
The euro dipped to $1.1463, close to a seven-week low, while the British pound remained steady at $1.3372 ahead of the Bank of England's meeting later on Thursday. Meanwhile, the Japanese yen languished near a two-week low at 155.98 per dollar, as markets anticipated the Bank of Japan's decision on Friday.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
