# Dollar rises marginally against dong - VnExpress International

> The US dollar rose marginally against the dong on October 31, reaching 24,879 at Vietcombank and up 8.55% since the start of the year. Vietnam's foreign exchange reserves have fallen about 20% this year as the central bank sells dollars to stabilise the currency.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/39450-dollar-rises-marginally-against-dong-vnexpress-international
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Continued dong weakness and reserve drawdown increase the cost of dollar-denominated feed imports and may constrain the central bank's ability to defend the currency further.

## Read by commodity

- USDVND: bullish ▲

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/economy/dollar-rises-marginally-against-dong-4530224.html

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