An employee counts American notes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
The US dollar appreciated against the Vietnamese dong in banks, but fell on the black market on Wednesday morning.
Vietcombank sold the dollar at 24,820 VND, up 0.08% from the previous day.
Meanwhile, the greenback is trading at 25,550 VND on the black market, down 0.20%.
The State Bank of Vietnam (SBV) increased its benchmark rate by 0.01% to VND23,957.
Since the beginning of the year, the dollar has risen against the dong by 1.64%.
Globally, the U.S. dollar held steady against a handful of rival currencies on Wednesday, as traders weighed the impact that higher-than-expected inflation data could have on the chances of a rate cut of interest at the Federal Reserve’s June meeting.
The dollar index, which measures the greenback against a basket of comparable currencies, was little changed at 102.91.
Against the yen, the dollar fell 0.15% to 147.43, providing some relief to the Japanese currency after experiencing its biggest fall in a month on Tuesday following the slightly gloomy assessment of the country’s economy by the Governor of the Bank of Japan, Kazuo Ueda.
The euro remained broadly stable at $1.0925, as did the British pound at $1.2793.
