# US dollar plunges in Vietnam after new Fed signal

> The US dollar fell sharply against the dong at Vietnamese commercial banks after Fed Chair Powell signalled smaller rate hikes from December. The DXY dropped to 105.44, its lowest in three months.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: macro · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/38538-us-dollar-plunges-in-vietnam-after-new-fed-signal
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of slower Fed tightening weaken the dollar, which eases the local cost of dollar-denominated feed imports and softens pressure on Asian importers.

## Read by commodity

- DXY: bearish ▼
- USDVND: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-04-09 | [Dollar drops after Fed launches new loan program](https://feedsoft.ai/events/53817-dollar-drops-after-fed-launches-new-loan-program.md) | -0.1% | +0.3% |
| DXY | 2024-09-19 | [Sterling rises vs dollar after Fed; BoE in focus \| Reuters](https://feedsoft.ai/events/28566-sterling-rises-vs-dollar-after-fed-boe-in-focus-reuters.md) | -0.1% | +2.1% |
| DXY | 2024-08-02 | [US Dollar plunges on soft NFPs from July](https://feedsoft.ai/events/9288-us-dollar-plunges-on-soft-nfps-from-july.md) | -0.3% | -1.3% |
| DXY | 2026-01-28 | [Dollar plunges against dong - VnExpress International](https://feedsoft.ai/events/21350-dollar-plunges-against-dong-vnexpress-international.md) | +0.4% | +0.3% |
| DXY | 2024-08-26 | [US Dollar Falls After Powell Rate-Cut Signal but Downside Limited: GS - Markets Insider](https://feedsoft.ai/events/28988-us-dollar-falls-after-powell-rate-cut-signal-but-downside-limited-gs-markets.md) | +0.7% | -0.0% |

## Sources

- theinvestor.vn: https://theinvestor.vn/us-dollar-plunges-in-vietnam-after-new-fed-signal-d2751.html

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