# SBV ready with funds to keep forex market stable: official

> The State Bank of Vietnam said it will increase its foreign currency market interventions and stand ready to inject more funds. The official said the USD/VND rate, up about 2% since the end of 2021, is appropriate given market conditions. The US Dollar Index has risen roughly 10% year to date after Fed rate hikes.

- Date: 2022-06-21 · published 2022-06-21T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/41259-sbv-ready-with-funds-to-keep-forex-market-stable-official
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Central bank support limits near-term dong depreciation, which keeps Vietnamese feed import costs more predictable despite strong global dollar pressure.

## Read by commodity

- DXY: bullish ▲
- USDVND: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-24 | [Central bank sold roughly $7 billion to stabilise forex market](https://feedsoft.ai/events/41261-central-bank-sold-roughly-7-billion-to-stabilise-forex-market.md) | +0.2% | +1.4% |
| DXY | 2021-06-24 | [Corn Market 271 \| Maiz'Europ'](https://feedsoft.ai/events/46612-corn-market-271-maiz-europ.md) | +0.2% | +1.0% |
| DXY | 2020-10-29 | [Brexit Progress Supports Pound Sterling against Euro and Dollar in a Stormy Market](https://feedsoft.ai/events/50877-brexit-progress-supports-pound-sterling-against-euro-and-dollar-in-a-stormy.md) | -0.5% | -2.2% |
| DXY | 2017-01-08 | [Trader who bet on gradual yuan drop now sees steeper fall - Gulf Times](https://feedsoft.ai/events/10772-trader-who-bet-on-gradual-yuan-drop-now-sees-steeper-fall-gulf-times.md) | -0.3% | -1.6% |
| DXY | 2020-02-26 | [Soybeans bounce as Argentina suspends export registrations \| Financial Post](https://feedsoft.ai/events/54444-soybeans-bounce-as-argentina-suspends-export-registrations-financial-post.md) | -0.6% | +7.0% |

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/sbv-ready-with-funds-to-keep-forex-market-stable-official-post236455.vnp

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