An employee counts US banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The US dollar fell slightly against the Vietnamese dong on the black market on Wednesday morning.
Unofficial exchange points sold the greenback at VND 24,180, down 0.08% from Tuesday.
Vietcombank kept it at 24,260 VND.
The State Bank of Vietnam’s benchmark rate fell 0.08% to 23,959 VND.
The dollar has risen 2.23% since the start of the year.
Globally, the dollar perched near a six-month high on Wednesday as jitters about China and global growth weighed on risk sentiment, while the yen was near a dip. a 10-month low, prompting the strongest warning since mid-August from Japan’s top currency diplomat. Reuters reported.
The yen was at 147.66 to the dollar in the early hours of Asia, just under 147.8 to the dollar, the lowest since Nov. 4 which it hit overnight. The Asian currency has been hovering around the key 145 per dollar level for the past few weeks, leading traders to keep a cautious eye out for signs of intervention.
“We will not rule out any option if speculative movements persist,” Masato Kanda, Japan’s top foreign exchange diplomat, told reporters on Wednesday.