Dollar retreats against dong

03:11 PM @ Tuesday - 28 February, 2023

The U.S. dollar retreated against the Vietnamese dong Tuesday morning at most banks but remained steady on the black market.

Vietcombank sold the dollar at VND23,980 Tuesday, down 0.04% from Monday.

Eximbank let the rate slide 0.08% to VND23,940.

Techcombank sold the greenback 0.13% at VND23,965.

The State Bank of Vietnam (SBV)’s reference rate is at VND23,644, up 0.01%.

Unofficial exchange points maintained the dollar at VND23,920.

The dollar has gained over the dong by 1.05% since the beginning of the year.

Globally the dollar index, which measures U.S. currency against six other peers, rose 0.048% and was set to snap a four-month losing streak, Reuters reported.

Sterling was last trading at $1.206, down 0.02% on the day, having jumped 1% overnight after Britain struck a new trade deal with the European Union, which brightened the outlook for the post-Brexit UK economy.

The euro was down 0.07% to $1.06, after rising 0.6% on Monday.  – VNEXPRESS – 

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