The U.S. dollar on Thursday morning continued its decline against the Vietnamese dong, hitting the lowest since Feb. 28.
Vietcombank sold the greenback 0.08% lower at VND26,250. On the black market the dollar jumped 0.74% to VND25,990.
Globally the dollar’s advance stalled on Thursday after an overall benign U.S. inflation reading overnight spurred traders to pare back bets for a near-term Federal Reserve interest rate hike, Reuters reported.
The greenback was little changed against the yen as of Asia’s midday, but remained on course to gain about 1% this week as markets bought back the currency pair following recent joint U.S.-Japan intervention that saw it plummet to a three-month low.
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A U.S. dollar bill. Photo by Unsplash/alexandratimis |
The dollar index, which measures the U.S. currency against the yen and five other major peers, was flat at 100 on Thursday, but on course for a 0.4% weekly rise.
The dollar changed hands at 159.44 yen, close to the 160 level that some market participants see as a line in the sand following the rare joint intervention at the end of July.
The action helped pull the exchange rate down from near a four-decade peak close to 164 to 155.20 over the course of three days.
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