Dollar gains over dong
The U.S. dollar strengthened against the Vietnamese dong on Monday while holding mostly steady against major peers.
The Vietnamese dong experienced a slight strengthening against the US dollar, gaining VND50 over the weekend to VND26,050. This marked a 0.12% increase from the previous rate. The same trend was observed at unofficial exchange points, where the dong rose 0.34% to around VND26,500. The State Bank of Vietnam maintained its reference rate steady at VND25,627.
Internationally, major currencies traded within narrow ranges on Monday, as central bank decisions and corporate earnings dominated the market. The dollar index, which tracks the greenback's value against a basket of currencies, remained relatively unchanged at 101.65. The euro also saw a modest gain against the dollar, rising 0.15% to $1.1218, following news that France avoided a Moody's downgrade despite recent social unrest. The British pound edged up 0.1% to $1.3379.
Meanwhile, the Japanese yen remained stable at 156.92 per dollar. Looking ahead, five major central banks are set to release key policy decisions later in the week. The United States Federal Reserve, European Central Bank, and Bank of Japan are all expected to keep interest rates steady. In contrast, New Zealand and Canada are expected to raise their respective interest rates during the week.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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