# Dollar declines on black market

> The US dollar slipped slightly against the dong on Vietnam's black market, with unofficial sellers quoting VND24,180. The State Bank of Vietnam's reference rate was VND23,959, and the dollar was up 2.23% year to date. Globally, the dollar sat near a six-month peak as China and growth worries weighed on risk sentiment, while the yen approached a 10-month low and Japan's top currency diplomat warned of possible intervention.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/36256-dollar-declines-on-black-market
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Dollar strength and yen weakness raise the local-currency cost of dollar-priced imports, but the moves are small and unlikely to shift feed ingredient prices.

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/markets/dollar-declines-on-black-market-4649946.html

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