# Dollar edges up against dong, hovers near one-week high globally - VnExpress International

> The US dollar strengthened against the Vietnamese dong, with Vietcombank selling the greenback at VND25,050 on the official market. Globally the dollar hovered near a one-week high after robust US economic data reduced bets on aggressive Federal Reserve rate cuts. The dollar index was little changed at 101.34.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/29100-dollar-edges-up-against-dong-hovers-near-one-week-high-globally-vnexpress
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A firmer dollar lowers the local-currency cost of dollar-priced feed ingredients imported by Vietnam, a modest cost pressure for feed buyers. The move is a routine FX fluctuation with no major supply or demand change.

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/business/markets/dollar-edges-up-against-dong-hovers-near-one-week-high-globally-4787504.html

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