Dollar inches up against dong on black market

A close-up of a dollar bill. Photo by Pixabay/amrothman

The U.S. dollar rose against the Vietnamese dong on the black market while staying near the lowest in 10 days against major peers Tuesday morning.

The greenback gained 0.19% to VND26,320 at unofficial exchange points. Vietcombank kept its rate unchanged at VND26,423.

Globally the U.S. dollar held near 10-day lows on Tuesday as a deal to end the Middle East war buoyed risk appetite, while the yen was steady after the Bank of Japan raised rates in a widely telegraphed move aimed at inflation risks from ‌the conflict, Reuters reported.

The Japanese yen was at 160.23 per U.S. dollar, hovering near the 160 milestone that has kept traders wary of another bout of interventions from Tokyo, with even the peace deal unlikely to provide relief for the battered yen.

The dollar index, which measures the U.S. currency against six other units, was at 99.66. The index is up 2% since the conflict first erupted at the end of February in a volatile ⁠reaction to a fragile ceasefire and regular tit-for-tat attacks.


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