Dollar tiptoes up against dong
Dollar tiptoes up against dong
The U.S. dollar rose slightly against the Vietnamese dong Tuesday morning.
Vietcombank sold the dollar at VND24,280, up 0.17% from Monday.
The State Bank of Vietnam reduced its reference rate by 0.08% to VND23,959.
The dollar was sold at VND24,200 on the black market.
It has increased against the dong by 2.32% since the beginning of the year.
Globally the dollar was firm on Tuesday and the Aussie under a little pressure as traders watched out for the Reserve Bank of Australia's interest rate decision with bets that rates may have peaked, Reuters reported.
The Aussie was 0.5% lower at $0.6431 in early trade. Softer than expected inflation data for July has markets all but certain the cash rate will stay on hold at 4.1% when the RBA announces its decision in the next few hours, far lower than where U.S. overnight rates are at about 5.25-5.5%.
The euro drifted higher from recent lows and was steady at $1.0793 early in the Asia session. U.S. Treasuries opened lower in Asia, after the cash market was closed on Monday, with 10-year yields up 3 basis points to 4.20%.
