# US banks’ collapse helps increase foreign exchange reserves: experts

> Vietnamese experts said the collapse of Silicon Valley Bank, Signature Bank and Credit Suisse will not pose a substantial risk to Vietnam's economy. The US dollar index fell 1.3% to 103.86 after the bank failures. Analysts expect a weaker dollar to ease pressure on the dong and help the central bank rebuild reserves.

- Date: 2023-03-22 · published 2023-03-22T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/37177-us-banks-collapse-helps-increase-foreign-exchange-reserves-experts
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dollar and slower Fed hikes ease dollar-cost pressure on Vietnamese feed importers. The effect on feed commodity prices is modest.

## Read by commodity

- DXY: bearish ▼
- USDVND: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-25 | [Dollar-Rate Breakdown Exposes Foreign-Exchange Mystery](https://feedsoft.ai/events/66695-dollar-rate-breakdown-exposes-foreign-exchange-mystery.md) | +0.6% | -0.3% |
| DXY | 2025-04-29 | [Foreign exchange rates on April 29th: USD reverses course and falls slightly.](https://feedsoft.ai/events/25423-foreign-exchange-rates-on-april-29th-usd-reverses-course-and-falls-slightly.md) | -0.4% | -0.9% |
| DXY | 2025-05-30 | [Foreign exchange rates on May 30, 2025: USD reverses course and falls slightly.](https://feedsoft.ai/events/24987-foreign-exchange-rates-on-may-30-2025-usd-reverses-course-and-falls-slightly.md) | -0.5% | -1.6% |
| DXY | 2023-01-23 | [SCB CIO sees the "baht" reaching 33-34 baht/US dollar at the end of the year. Recommends foreign investment to prevent exchange rate risk - Money & Banking Magazine](https://feedsoft.ai/events/38067-scb-cio-sees-the-baht-reaching-33-34-baht-us-dollar-at-the-end-of-the-year.md) | -0.4% | +1.0% |
| DXY | 2022-03-24 | [2022-2023 Exchange Rate Forecasts From Investment Bank Nordea - Update March](https://feedsoft.ai/events/42527-2022-2023-exchange-rate-forecasts-from-investment-bank-nordea-update-march.md) | -0.8% | +0.6% |

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/us-banks-collapse-helps-increase-foreign-exchange-reserves-experts-post266283.vnp

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