Dollar Value Goes Down Against Vietnamese Dong

The US dollar was sold for less on the black market. It was sold for 26,470 Vietnamese dong, which is 0.11% less than on Friday.

Vietcombank did not change its exchange rate, keeping it at 26,367 dong.

The dollar's value went down on Friday. This is because investors are hopeful that the conflict in the Middle East will end soon. President Donald Trump said that a ceasefire is still in place, even though there are still problems between the US and Iran.

An analyst named Kyle Chapman said that the US wants to avoid making the conflict worse and wants the ceasefire to continue. The US is trying not to escalate the situation.

The dollar's value compared to other important currencies went down by 0.4%. It had gone down to its lowest point since February 27 earlier in the week. The dollar might go down more in the coming weeks.

Some strategists at Morgan Stanley think the dollar's value will go down more in the coming months. They think this because people are feeling more confident about taking risks and investing.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

श्रवण अभ्यास