# Foreign exchange rate 11.2: USD plummets, Bitcoin skyrockets, the time for gold to buy

> Vietnamese dong and dollar quotes were reported on February 11, with the central rate at 23,137 dong per dollar and the dollar index near 90.25. Gold and bitcoin prices also moved sharply after reports that Tesla bought bitcoin worth 1.5 billion dollars.

- Date: 2021-02-11 · published 2021-02-11T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/48929-foreign-exchange-rate-11-2-usd-plummets-bitcoin-skyrockets-the-time-for-gold-to
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

This is a routine currency and asset price wrap with no direct supply or demand driver for feed commodities. The dollar's weakness could marginally support dollar-priced commodities, but the effect is minor.

## Read by commodity

- DXY: neutral

## Sources

- news.laodong.vn: https://news.laodong.vn/kinh-doanh/ty-gia-ngoai-te-112-usd-lao-doc-bitcoin-chot-vot-thoi-diem-vang-mua-gom-879584.ldo

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