# Central bank ready to sell the dollar to stabilise forex market

> Vietnam's central bank said it is ready to sell dollars to intervene in the forex market after the dong weakened sharply against the dollar over two weeks. Commercial banks lowered their offer rates the same morning, though the central reference rate rose slightly to VND22,137 per dollar.

- Date: 2016-11-25 · published 2016-11-25T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/74134-central-bank-ready-to-sell-the-dollar-to-stabilise-forex-market
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong raises the local-currency cost of imported feed ingredients such as soybean meal and corn, which Vietnam buys heavily; central bank intervention may cap that pressure in the short term.

## Read by commodity

- USDVND: bearish ▼

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/346919/central-bank-ready-to-sell-the-dollar-to-stabilise-forex-market.html

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