# Vietnam strengthens local currency against the dollar - VnExpress International

> On June 8, 2021, the State Bank of Vietnam cut its dollar buying and selling prices and its reference rate, the first change in half a year. The dong strengthened as a result. The move followed a dip in the global dollar tied to lower Treasury yields.

- Date: 2021-06-08 · published 2021-06-08T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/46905-vietnam-strengthens-local-currency-against-the-dollar-vnexpress-international
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stronger dong makes imported feed ingredients cheaper for Vietnamese buyers, though the effect on world grain prices is minor. It reflects the wider softness in the dollar at the time.

## Read by commodity

- USDVND: bearish ▼

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2021/06/vietnam-strengthens-local-currency-against-the-dollar-37-447097.htm
- e.vnexpress.net: https://e.vnexpress.net/news/business/economy/vietnam-strengthens-local-currency-against-the-dollar-4291033.html

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