The U.S. dollar rose against the Vietnamese dong Thursday morning as it posted the strongest monthly increase against major peers in almost a year.
Vietcombank sold the greenback 0.02% higher at VND26,456. On the black market the dollar gained 0.53% to VND26,640.
Globally a surging dollar has swept past chart resistance and is heading toward its sharpest monthly gain in almost a year on Thursday, as traders bet on a strong U.S. economy propping up short-term interest rates and waited on key inflation data, Reuters reported.
The dollar has broken the $1.14 level against the euro this week and hit its strongest in 13 months at $1.1325 overnight, before steadying in Asia at around $1.1353.
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U.S. one dollar banknotes are seen in this illustration taken Feb. 8, 2021. Photo by Reuters |
Dollar strength has pushed gold below $4,000 an ounce for the first time in more than seven months and briefly sent bitcoin under $60,000 for the first time since 2024.
The dollar index, which measures the currency against a basket of six major peers, made a 13-month peak at 101.8 overnight and started the Asia session steady around 101.6.
