# Forex rate under pressure of US-China trade tensions

> Vietnam's State Bank has set record daily reference rates for the dong against the dollar, and commercial bank USD/VND quotes have also surged. The central bank attributed the moves to negative news in US-China trade talks and the yuan's depreciation since late April. Analysts described the rise as largely psychological.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: trade · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/59391-forex-rate-under-pressure-of-us-china-trade-tensions
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Dong weakness raises import costs for Vietnamese feed and livestock buyers, but the effect on global feed grain prices is indirect. The main price channel is the yuan's slide tied to trade tensions.

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/forex-rate-under-pressure-of-us-china-trade-tensions-post153404.vnp

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