# Fed interest rate hike has little impact on VND

> Vietnamese dong stayed flat during the week after the Fed's rate hike, while the Chinese yuan, Indian rupee and Thai baht fell against the dollar. Saigon Securities credited the trade surplus, FDI disbursements and strong remittances with supporting the currency. The free-market dollar rate jumped 90 points.

- Date: 2022-05-11 · published 2022-05-11T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/41704-fed-interest-rate-hike-has-little-impact-on-vnd
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The dong's resilience limits import cost inflation for Vietnamese feed compounders, while the yuan and other Asian currency weakness can weigh on Chinese and regional feed demand and the prices of commodities priced in dollars.

## Sources

- theinvestor.vn: https://theinvestor.vn/fed-interest-rate-hike-has-little-impact-on-vnd-d354.html

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