# Why did the US dollar reach a 7-week high in Asia, while the USD/VND exchange rate fell slightly?

> Vietnamese banks lowered their USD/VND quotes on May 18, with cuts of roughly 15 to 77 dong across major banks, even as the dollar reached a seven-week high in Asian trading. The domestic dong move diverged from the global dollar strength.

- Date: 2023-05-18 · published 2023-05-18T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/36254-why-did-the-us-dollar-reach-a-7-week-high-in-asia-while-the-usd-vnd-exchange
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Vietnam's currency has little direct bearing on global feed grain or meal prices, so this is routine market commentary with no meaningful supply or demand effect.

## Sources

- vietnam.vn: https://www.vietnam.vn/en/vi-sao-dong-usd-len-dinh-7-tuan-o-chau-a-ty-gia-usd-vnd-giam-nhe

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