U.S. dollar and Vietnamese dong banknotes seen at a bank in Ho Chi Minh City. Photo by VnExpress/Anh Tu
The U.S. dollar strengthened against the Vietnamese dong and major currencies Wednesday morning.
Vietcombank sold the dollar at VND25,462, up 0.04% from Tuesday.
The greenback rose by 0.23% to VND25,620 on the black market.
The State Bank of Vietnam raised its reference rate by 0.04% to VND24,250.
Since the beginning of the year, the dollar has increased by 4.2% against the dong.
Globally, the dollar was on the rise again on Wednesday, keeping the pressure on the yen and the euro, Reuters reported.
The greenback has climbed for three weeks as expectation for aggressive rate hikes from the Federal Reserve has faded after a slew of upbeat economic data.
The dollar index, which measures the U.S. currency against six others, was last up 0.11% at 104.18 after ticking up to 104.19, its highest since Aug. 2. The index is up more than 3% so far this month.
The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low.
Elsewhere, the euro was last at $1.0794 after sliding to its lowest since Aug. 2 at $1.0792.
Sterling was at $1.2976 after falling to its lowest since Aug. 19 of $1.2945 in the previous session.
The 1-month non-deliverable forward indicated that the rupee will open at 84.0750-84.0850 to the U.S. dollar compared with 84.0775 in the previous session and the all-time low of 84.0825 hit on Tuesday.
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