Dollar drops marginally against dong

By Dat Nguyen  &nbspJanuary 16, 2025 | 01:09 am PT

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado Nov. 3, 2009. Photo by Reuters

The U.S. dollar dropped against the Vietnamese dong Thursday afternoon while remaining steady globally.

Vietcombank sold the dollar 0.02% lower at VND25,549.

The State Bank of Vietnam lowered its reference rate by 0.02% to VND24,333.

The greenback slipped 0.08% to VND25,720.

Globally the dollar steadied on Thursday, after dipping alongside cooling U.S. inflation and falling bond yields, while the yen hit a one-month high on rising bets on a rate hike in Japan, Reuters reported.

The yen was the biggest major mover against the dollar after softer-than-expected U.S. inflation data and it extended gains in Asia, as raised chances of Federal Reserve rate cuts coincided with murmurs of a Bank of Japan hike next week.

The euro mostly held steady after the U.S. inflation data and was steady through the Asia day at $1.0283, while the dollar made small gains elsewhere and the dollar index snapped three days of losses to rise a little to 109.18.


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