Dollar drops against dong

TPBank let the dollar slide 0.004% to VND24,854. Techcombank sold it at VND24,852, down 0.004%.

The State Bank of Vietnam set its exchange rate at VND23,671, also down 0.004%.

The dollar was sold VND24,940 at unofficial exchange points, down 0.4% from Wednesday.

The U.S. dollar was broadly weaker on Thursday as investors, encouraged by the prospect of a slower pace of interest rate hikes from the Federal Reserve, placed bets on riskier assets.

The dollar index, which measures the greenback against six major peers, was down 0.066% at 105.830, after sliding 1% overnight.