# Foreign exchange rate cools after central bank’s intervention

> The dollar price in Vietnam's official and unofficial markets cooled after the State Bank of Vietnam issued 28-day T-bills worth about VND15 trillion per session from March 11. Experts say the bill issuance absorbed interbank liquidity and raised dong interest rates, reducing short-term dollar speculation.

- Date: 2024-03-14 · published 2024-03-14T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/31513-foreign-exchange-rate-cools-after-central-bank-s-intervention
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Easing dong pressure lowers import costs for Vietnamese feed buyers, though the story has little effect on global grain or meal prices.

## Read by commodity

- USDVND: bearish ▼

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/1651961/foreign-exchange-rate-cools-after-central-bank-s-intervention.html

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