Dollar inches up on black market
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. Photo by Reuters
The U.S. dollar rose against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.04% higher at VND27,760.
Vietcombank kept its rate unchanged at VND26,339.
Globally the dollar gained on Friday but was still headed for a weekly fall against major currencies as investors pared back bets on interest rate cuts from the U.S. Federal Reserve given the likelihood of higher inflation from rising energy prices, Reuters reported.
The euro was down 0.25% to $1.156 but on track to add 1.3% this week.
The yen was down 1% against the greenback to 159.30 per dollar. It is set to gain 0.24% this week.
Sterling weakened 0.72% to $1.333 but was set to gain nearly 0.84% against the dollar for the week.
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