Dollar rises against dong on black market
The U.S. dollar climbed against the Vietnamese dong on the black market on Monday.
The United States dollar experienced a notable increase against the Vietnamese dong on the black market. At unofficial exchange points, the greenback surged nearly 1.1%, reaching 26,050 VND. In a lender Vietcombank, the currency fell to a 1.5-year low of VND25,990. The State Bank of Vietnam adjusted its reference rate by 0.02% to VND25,631.
Globally, major currencies, including the dollar, remained relatively stable as investors focused on the upcoming US midterm elections. These elections have the potential to alter the balance of power in Congress and control over federal spending. Meanwhile, the euro faced losses and approached a 17-month low against the dollar.
Sterling remained steady, while the dollar weakened slightly against a basket of currencies. The yen also experienced a minor decline. Additionally, the Australian dollar and New Zealand dollar exhibited slight declines against the dollar.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
