# USD prices fall to five-month low as central bank turns to net VND injection

> USD prices in Vietnam fell to around VND25,000, the lowest since late March, after the State Bank of Vietnam lowered its central reference rate to VND24,212. Analysts attributed the greenback's weakness to the likely Federal Reserve rate cut at its September meeting. Free-market quotes dropped by VND90-100 from the previous day.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/29101-usd-prices-fall-to-five-month-low-as-central-bank-turns-to-net-vnd-injection
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dollar against the dong reduces the local cost of imported feed ingredients, while expected Fed easing points to a softer dollar trend. The effect on feed prices is modest and mainly through currency translation.

## Sources

- theinvestor.vn: https://theinvestor.vn/usd-prices-fall-to-five-month-low-as-central-bank-turns-to-net-vnd-injection-d12010.html

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