# Vietnamese dong remains stable despite Fed’s 11th rate hike: experts

> The US Federal Reserve raised its benchmark rate by 0.25 points to 5.25%-5.5%, the highest level in 22 years and its 11th consecutive hike. Vietnamese economists said the move would have little effect on the dong, which has stayed stable against the dollar.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/35339-vietnamese-dong-remains-stable-despite-fed-s-11th-rate-hike-experts
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A Fed hike supports the dollar, but Vietnam's stable currency and central bank reserves limit the effect on import costs for feed buyers.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-25 | [Dollar slips ahead of widely expected Fed rate hike](https://feedsoft.ai/events/63243-dollar-slips-ahead-of-widely-expected-fed-rate-hike.md) | +0.3% | +1.4% |
| DXY | 2017-06-15 | [Fed rate hike draws mixed response from global markets](https://feedsoft.ai/events/70404-fed-rate-hike-draws-mixed-response-from-global-markets.md) | +1.1% | -0.5% |
| DXY | 2020-09-17 | [Dollar's post Fed gains fizzle as long rate pause seen \| Financial Post](https://feedsoft.ai/events/51284-dollar-s-post-fed-gains-fizzle-as-long-rate-pause-seen-financial-post.md) | +1.6% | +0.6% |
| DXY | 2022-10-15 | [Fed's Bullard says boost to dollar from interest rate hikes may ease \| Reuters](https://feedsoft.ai/events/39330-fed-s-bullard-says-boost-to-dollar-from-interest-rate-hikes-may-ease-reuters.md) | -0.5% | -3.8% |
| 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

- en.vietnamplus.vn: https://en.vietnamplus.vn/vietnamese-dong-remains-stable-despite-feds-11th-rate-hike-experts-post266483.vnp

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