# VND/USD exchange rate expected to rise following Fed decision

> The State Bank of Vietnam lowered its reference rate by VND30 to VND23,960 per dollar on February 1, 2024. The Fed kept rates unchanged and signalled no near-term cut, and the dollar index rose 0.12% to 103.51.

- Date: 2024-02-03 · published 2024-02-03T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/32002-vnd-usd-exchange-rate-expected-to-rise-following-fed-decision
- 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 firmer dollar after the Fed decision pushes up the local cost of USD-priced imports for Vietnam. The central rate move is small and does not change the trend.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-08 | [Outlook For Pound US Dollar Exchange Rate: GBP/USD Sinks On Fed And BoE Decisions](https://feedsoft.ai/events/44295-outlook-for-pound-us-dollar-exchange-rate-gbp-usd-sinks-on-fed-and-boe-decisions.md) | +0.5% | +1.6% |
| DXY | 2018-04-30 | [US Dollar To Australian Dollar (USD/AUD) Exchange Rate Rises 0.5% On US Spending Stats](https://feedsoft.ai/events/65756-us-dollar-to-australian-dollar-usd-aud-exchange-rate-rises-0-5-on-us-spending.md) | +1.0% | +2.2% |
| DXY | 2022-03-07 | [The USD/VND rate may continue to rise](https://feedsoft.ai/events/42562-the-usd-vnd-rate-may-continue-to-rise.md) | +0.3% | -1.0% |
| DXY | 2023-09-27 | [SBV rolls out measures to reign in raising US-VNĐ exchange rate](https://feedsoft.ai/events/34416-sbv-rolls-out-measures-to-reign-in-raising-us-vn-exchange-rate.md) | +1.1% | +1.1% |
| DXY | 2019-01-31 | [Pound-to-Dollar Outlook: GBP/USD Exchange Rate Slides As US Payrolls Beat Expectations](https://feedsoft.ai/events/61331-pound-to-dollar-outlook-gbp-usd-exchange-rate-slides-as-us-payrolls-beat.md) | +0.1% | +0.4% |

## Sources

- theinvestor.vn: https://theinvestor.vn/vnd-usd-exchange-rate-expected-to-rise-following-fed-decision-d8488.html

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