# Vietnam dong unlikely to depreciate strongly vs. US dollar in near term: broker

> Vietcombank Securities said depreciation pressure on the Vietnamese dong is likely to ease after a roughly 4.6% fall since the end of 2023. The brokerage expects the DXY to hover near current levels after a 5% rise following the Fed's 25-basis-point cut on November 7.

- Date: 2024-11-12 · published 2024-11-12T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/27697-vietnam-dong-unlikely-to-depreciate-strongly-vs-us-dollar-in-near-term-broker
- 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 moderating dollar outlook reduces near-term pressure on Vietnamese feed import costs, though the currency remains a key variable for buyers in the region.

## Read by commodity

- DXY: neutral
- USDVND: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-02 | [Dollar's near-term outlook bright, but to fade in a year](https://feedsoft.ai/events/46249-dollar-s-near-term-outlook-bright-but-to-fade-in-a-year.md) | +0.1% | -0.1% |
| DXY | 2024-05-08 | [Vietnam dong likely to narrow slide by end-2024: Vietcombank Securities](https://feedsoft.ai/events/30580-vietnam-dong-likely-to-narrow-slide-by-end-2024-vietcombank-securities.md) | -0.1% | +0.4% |
| DXY | 2022-11-23 | [Euro vs US dollar: Long-term uncertainty amid interest differential](https://feedsoft.ai/events/38895-euro-vs-us-dollar-long-term-uncertainty-amid-interest-differential.md) | -0.6% | -1.6% |
| DXY | 2026-04-29 | [US Dollar Index steadies near 98.50, all eyes on Fed rate decision](https://feedsoft.ai/events/19920-us-dollar-index-steadies-near-98-50-all-eyes-on-fed-rate-decision.md) | -0.1% | +0.3% |
| DXY | 2026-02-14 | [Broker MBS flags three factors pressuring Vietnam’s exchange rate](https://feedsoft.ai/events/20919-broker-mbs-flags-three-factors-pressuring-vietnam-s-exchange-rate.md) | +0.4% | +2.2% |

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-dong-unlikely-to-depreciate-strongly-vs-us-dollar-in-near-term-broker-d13298.html

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