Dollar strengthens against dong

Vietcombank sold the greenback at VND26,520, up 0.04% from Tuesday. The currency gained 0.19% to around VND26,380 on the black market.

The State Bank of Vietnam kept its reference rate unchanged at VND25,260.

Globally, rising oil prices and U.S. Treasury yields hoisted the dollar on Wednesday, Reuters reported.

The dollar gained broadly overnight and was holding its ground as U.S. forces began an 11th straight night of strikes on Iran.

“A continuation of the Middle East conflict should support the dollar because of its safe-haven status and typically positive correlation with oil prices,” said Commonwealth Bank of Australia currency ⁠strategist Samara Hammoud.

The U.S. dollar index, which measures the greenback’s strength against six currencies, held near a one-week high of 101.20.

The yen hit 163.24 per dollar, its weakest since late 1986, and it sat at 163.21 early in the Asia session. Sterling fell through its 200-day moving average to $1.3385.

The euro was last at $1.1401, while the Australian dollar clung to the 70 cent level and the New Zealand dollar sat on support just above its 200-day moving average of $0.5825.

Source: https://e.vnexpress.net/