# Dollar climbs against dong VnExpress News

> The US dollar rose against the Vietnamese dong at Vietcombank on February 22, while the State Bank of Vietnam reference rate eased slightly. Globally the dollar firmed after stronger-than-expected business activity in the US and UK, which raised expectations of further rate hikes.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/37636-dollar-climbs-against-dong-vnexpress-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar raises the cost of dollar-priced grain and feed imports for importers using local currencies. The move reflects expectations of tighter US policy, which weigh on commodity prices more broadly.

## Read by commodity

- DXY: bullish ▲

## Sources

- vnexpressnews.net: https://vnexpressnews.net/dollar-climbs-against-dong/

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