# Dollar continues strengthening versus Vietnamese dong

> The US dollar continued to rise against the Vietnamese dong on October 23, with the central bank lifting its reference rate for an eighth straight day to VND24,250. The DXY traded near 104.30, its highest since late July, as markets expected the Fed to slow its rate cuts.

- Date: 2024-10-23 · published 2024-10-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/28168-dollar-continues-strengthening-versus-vietnamese-dong
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising dollar costs increase Vietnamese importers' expense for feed grains and meal, while a strong DXY tends to pressure dollar-priced commodities. The move is mainly a currency story with limited direct grain price impact.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-25 | [US dollar forecast to continue strengthening against dong](https://feedsoft.ai/events/28167-us-dollar-forecast-to-continue-strengthening-against-dong.md) | +0.2% | +2.4% |
| DXY | 2021-08-19 | [Uptick in COVID Cases & Strengthening Dollar Push Prices Down](https://feedsoft.ai/events/11405-uptick-in-covid-cases-and-strengthening-dollar-push-prices-down.md) | -0.1% | -0.3% |
| DXY | 2024-11-07 | [Vietnam sets dong fix rate at record low amid US dollar strength - The Business Times](https://feedsoft.ai/events/27699-vietnam-sets-dong-fix-rate-at-record-low-amid-us-dollar-strength-the-business.md) | +1.0% | +0.8% |
| DXY | 2024-09-20 | [Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes \| Reuters](https://feedsoft.ai/events/28541-dollar-strengthens-versus-yen-as-boj-strikes-cautious-stance-on-rate-hikes.md) | -0.2% | +2.2% |
| DXY | 2026-07-29 | [Vietnamese Dong Weakens as Dollar Holds Near One-Month High](https://feedsoft.ai/events/18661-vietnamese-dong-weakens-as-dollar-holds-near-one-month-high.md) | -0.9% | -2.0% |

## Sources

- theinvestor.vn: https://theinvestor.vn/dollar-continues-strengthening-versus-vietnamese-dong-d13010.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.