# Vietnamese currency hits 2-year low against dollar - VnExpress International

> Vietnamese banks traded the dong at its weakest level in two years, with Vietcombank at VND23,510 per dollar. The State Bank of Vietnam let the currency slide to VND23,121, its lowest this year, and has sold over $10 billion to support the market.

- Date: 2022-07-04 · published 2022-07-04T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/40774-vietnamese-currency-hits-2-year-low-against-dollar-vnexpress-international
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong increases the dollar cost of imported feed grains and meal for Vietnamese feed millers, supporting higher domestic feed prices.

## Read by commodity

- USDVND: bullish ▲

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/economy/vietnamese-currency-hits-2-year-low-against-dollar-4483543.html

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