# FX rates could boost inflation | Vietstock

> Vietnamese businesses say the recent dong devaluation against the dollar has so far had little immediate effect on them. The daily reference rate hit a new high of VND22,686 per dollar, and commercial bank rates rose to VND23,364 within a 3% trading band.

- Date: 2018-08-24 · published 2018-08-24T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/63813-fx-rates-could-boost-inflation-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong raises the local cost of dollar-priced imports such as feed ingredients over time, which feeds through to inflation and input costs for Vietnamese feed buyers.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2018/08/fx-rates-could-boost-inflation-37-332740.htm

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