Dollar edges higher against dong on black market
US dollar bills. Photo by Unsplash/Andrew Dawes
The U.S. dollar went up slightly against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.11% higher at VND26,450.
Vietcombank kept its rate unchanged at VND26,395.
Globally the dollar slipped against major currencies on Friday and was headed for a second straight weekly loss after reports that the United States and Iran had reached an agreement to extend their ceasefire and ease restrictions on shipping through the Strait of Hormuz, Reuters reported.
The euro was up 0.12% at $1.16620 and was on track for a weekly gain. The pound sterling was up 0.18% against the dollar at $1.3466, marking the second straight week of gains.
“We don’t have answers about a lot of things and it’s creating a divergence or lack of consensus or complete narrative especially for central banks,” said Juan Perez, director of trading at Monex USA in Washington. “That’s why you’re seeing that reflected in the lack of movement in the U.S. dollar overall.”
The dollar index, which measures the greenback against a basket of currencies, was flat at 98.92, on track to notch a weekly loss.
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