U.S. dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar strengthened against the Vietnamese dong and rallied globally Wednesday morning.
Vietcombank sold the dollar at VND25,470, up 0.04% from Tuesday.
The greenback was steady at VND25,880 on the black market.
The State Bank of Vietnam hiked its reference rate by 0.04% to VND24,258.
The dollar has increased by 4.3% against the dong since the beginning of the year.
Globally, the dollar rallied broadly on Wednesday and bitcoin jumped to an all-time high as investors returned to so-called “Trump trades” with initial results trickling in for an extremely close U.S. presidential election, Reuters reported.
The dollar index – which measures the currency against six major peers including the euro and yen – climbed 1.42% to 104.84.
The euro dropped 1.54% to $1.0760, while the dollar added 1.64% to 154.035 yen.
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