Dollar tiptoes up against dong

A money changer counts U.S. dollar banknotes at a currency exchange office in Ankara, Turkey Nov. 11, 2021. Photo by Reuters

The U.S. dollar went up against the Vietnamese dong Saturday morning despite dipping to a three-month low against the euro.

Vietcombank sold the dollar 0.11% higher at VND26,310. On the black market the greenback added 0.04% to VND25,910.

Globally the dollar fell to a three-month low against the euro on Friday as concerns mounted that the U.S. Treasury’s plan to expand buybacks of longer-dated government debt could weigh further ‌on the U.S. currency, Reuters reported.

The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.01% to 98.80, with the euro up 0.03% at $1.1682. The single currency earlier reached $1.1711, the highest since May 14.

Sterling rose 0.15% to $1.3649. It had reached $1.3675, the highest since February 11.

Bitcoin, seen as an alternative to fiat currencies, continued to surge. It was last up 6.22% at $77,178, after earlier scaling $79,455, the highest since May 15.


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