Vietnam’s central bank cut its dollar reference rate to VND25,634 on Oct. 21 while Vietcombank’s selling quote rose to VND26,070, VnExpress International reported, leaving the two rates moving in opposite directions.
Vietcombank’s price for selling $1 was 0.04% above its Oct. 20 level. The State Bank of Vietnam’s reference rate fell 0.02%, according to the same report. VnExpress also put the dollar at about VND26,080 at unofficial exchange points, up 0.11%.
The Oct. 21 rise in Vietcombank’s quote was measured against Oct. 20.
On global markets, Reuters put the dollar index, which measures the U.S. currency against six peers, at 101.78 on Oct. 21 after a 0.2% decline the day before.
Reuters said the dollar reached a three-week low on Oct. 20 and linked its weakness to falling U.S. Treasury yields and crude oil prices.
