# Dong slumps to lowest level against dollar in past five months - VnExpress International

> The Vietnamese dong fell to its lowest level against the dollar in five months, with major banks quoting about 22,420 dong per dollar. Local economists attributed the move to expectations of a US Fed rate hike driven by Trump's planned infrastructure spending.

- Date: 2016-11-17 · published 2016-11-17T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/74135-dong-slumps-to-lowest-level-against-dollar-in-past-five-months-vnexpress
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong makes dollar-priced feed imports more expensive for Vietnamese compounders, which can dampen buying of corn and soybean meal and pressure local feed margins.

## Read by commodity

- USDVND: bullish ▲

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/business/dong-slumps-to-lowest-level-against-dollar-in-past-five-months-3500556.html

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