Dollar gains over dong

Vietcombank sold the greenback at VND26,402, a 0.02% increase from Tuesday. On the black market, the currency went up 0.09% to around VND26,355.

The State Bank of Vietnam hiked its reference rate by 0.02% to VND25,134.

Globally, persistent strength in the dollar sent the Japanese yen sliding to the key 160 level on Wednesday, as hostilities in the Gulf erupted anew and ‌bolstered demand for the safe-haven U.S. currency, Reuters reported.

The yen weakened to the closely watched 160 per dollar level, erasing its gains made in the wake of Tokyo’s 11.7 trillion yen ($73.14 billion) intervention a month ago to shore up the ailing currency. The dollar was last 0.04% higher at 159.98 yen.

The renewed hostilities occurred as diplomatic talks between Iran and the U.S. remain at a stalemate, keeping the market mood somber and the dollar on the front foot.

Against ⁠a basket of currencies, the greenback was steady at 99.28 in early Asia trade, having risen slightly overnight. The euro eased 0.09% to $1.1621, while sterling was down ‌0.07% at $1.3455.

Source:  https://e.vnexpress.net/