Dollar declines on black market

Dollar declines on black market
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado Nov. 3, 2009. Photo by Reuters

The U.S. dollar fell against the Vietnamese dong on the black market Saturday morning.

Unofficial exchange points sold the dollar 0.17% lower at VND25,840.

Vietcombank maintained its rate at VND25,690.

VNDVietcombank's USD/VND exchange rateOct '24Nov '24Dec '24Jan '25Feb '25Mar '2524 75025 00025 25025 50025 75026 000Friday, Nov 15, 2024● Rate: 25 512

The State Bank of Vietnam’s reference rate was stable at VND24,730.

The dollar has increased by 0.54% against the dong since the beginning of the year.

Globally the U.S. dollar dropped to multi-month lows against the euro and yen and fell versus most currencies on Friday after data showed the labor market in the world's largest economy slowed last month, creating fewer jobs than expected, Reuters reported.

The dollar index, which measures the greenback's value versus six major currencies, has fallen 3.5% this week, on track for its worst weekly performance since November 2022. It fell 0.4% on Friday to 103.81, after earlier sliding to its lowest since early November.

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