Dollar heads down on black market
U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Photo by Reuters
The U.S. dollar fell against the Vietnamese dong on the black market Saturday morning.
Unofficial exchange points sold the greenback 0.27% lower at VND25,650.
Vietcombank kept its rate unchanged at VND25,510.
The State Bank of Vietnam’s reference rate was steady at VND24,341.
Globally the dollar held gains against the yen on Friday, but ended the week lower after a six-week winning streak, as investors await Donald Trump’s presidential inauguration and clarity on the course of the incoming administration’s policies, Reuters reported.
The yen climbed more than 1% against the dollar this week, reversing last week’s decline, and touched a one-month high of 154.98 per dollar earlier on Friday.
The dollar index, which measures the U.S. currency against six other units, went up 0.34% at 109.33, away from a more than two-year high touched at the start of the week.
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