Forex
Dollar Soars Against Dong as Fed Decision Looms
The US dollar has strengthened against the Vietnamese dong in recent trading sessions.
As of Wednesday morning, Vietcombank sold the greenback at VND26,180, a 0.19% increase from Tuesday's rate.
The State Bank of Vietnam also hiked its reference rate by 0.04% to VND25,626.
Globally, the dollar is trading near multi-week highs against several major currencies ahead of an expected Federal Reserve policy decision that could lead to interest-rate hikes.