Loading…
Vietnamese experts say the authorities have effective tools to manage the VND/USD rate in 2024 even if the US Federal Reserve holds rates high for longer. The dollar index reached 104.29 on February 16, and the unofficial market dollar rate exceeded VND25,000 for the first time since October 2022.
Expectations of higher US rates support the dollar and add pressure on the dong, which raises the cost of USD-priced imports for Vietnamese feed buyers. The article gives an outlook rather than a new shock.
english.vov.vnVNSFeb 20, 2024Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
