# Vietnam widens dollar-dong trading band - VnExpress International

> The State Bank of Vietnam widened the daily dollar-dong trading band to 5% from 3% on October 17 and depreciated the dong by 455 to 24,380 per dollar. The central bank said it would keep monitoring the market and intervene if needed.

- Date: 2022-10-17 · published 2022-10-17T12:00:00.000Z
- Category: macro · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/39451-vietnam-widens-dollar-dong-trading-band-vnexpress-international
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The devaluation raises the local-currency cost of dollar-priced feed imports into Vietnam, which can reduce import demand and weigh on regional feed ingredient prices.

## Read by commodity

- USDVND: bullish ▲

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/economy/dollar-rises-to-new-peak-over-dong-after-trading-band-widened-4524968.html
- e.vnexpress.net: https://e.vnexpress.net/news/economy/vietnam-widens-dollar-dong-trading-band-4524385.html

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