# Dollar hike won’t significantly affect VN’s economy | Vietstock

> The dong weakened against the dollar in the days after the Fed's 0.25-point rate hike, with the official reference rate at VND22,617 per dollar. Vietnamese officials and experts said the move would not significantly harm the economy, and commercial bank quotes also rose.

- Date: 2018-06-21 · published 2018-06-21T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/64823-dollar-hike-won-t-significantly-affect-vn-s-economy-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar raises the local cost of imported feed ingredients such as corn and soymeal, though officials expect limited pressure. The price effect is small and mostly reflects the broader Fed-driven dollar rally.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-11-01 | [U.S. Stocks Rise With Dollar on Fed Economy Views: Markets Wrap - Bloomberg](https://feedsoft.ai/events/68153-u-s-stocks-rise-with-dollar-on-fed-economy-views-markets-wrap-bloomberg.md) | +0.1% | -1.2% |
| DXY | 2022-07-15 | [What the dollar's surge means for the economy](https://feedsoft.ai/events/40692-what-the-dollar-s-surge-means-for-the-economy.md) | -0.9% | -2.7% |
| DXY | 2024-04-18 | [How the strong U.S. dollar is rippling through the world economy](https://feedsoft.ai/events/12559-how-the-strong-u-s-dollar-is-rippling-through-the-world-economy.md) | -0.1% | -1.4% |
| DXY | 2022-09-30 | [Dollar shock threatens global economy \| Reuters](https://feedsoft.ai/events/39756-dollar-shock-threatens-global-economy-reuters.md) | -0.2% | -0.3% |
| DXY | 2024-03-05 | [Strong U.S. economy sends dollar bears into hibernation](https://feedsoft.ai/events/31395-strong-u-s-economy-sends-dollar-bears-into-hibernation.md) | -0.7% | +0.5% |

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2018/06/dollar-hike-won%E2%80%99t-significantly-affect-vn%E2%80%99s-economy-37-325110.htm

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