# The international and domestic forex markets have seen many unexpected movements recently - Vietnam Insider

> The State Bank of Vietnam set the official dong/dollar rate down VND17 to VND23,138 per dollar last week, following an October decline of VND16. The dollar fell sharply internationally as investors bet on another Fed cut, and the US Dollar Index dropped to about 97, its lowest since mid-July.

- Date: 2019-11-15 · published 2019-11-15T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/56371-the-international-and-domestic-forex-markets-have-seen-many-unexpected
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dong and weaker dollar lower the local-currency cost of imported feed ingredients for Vietnam, though the effect on global grain and oilseed prices is modest.

## Read by commodity

- DXY: bearish ▼
- USDVND: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-23 | [Fed interest cuts ease pressure on Vietnam forex market](https://feedsoft.ai/events/28631-fed-interest-cuts-ease-pressure-on-vietnam-forex-market.md) | -0.2% | +2.5% |
| DXY | 2020-04-03 | [Dollar Funding Strains Ease in International Markets](https://feedsoft.ai/events/53821-dollar-funding-strains-ease-in-international-markets.md) | -0.9% | -1.0% |
| DXY | 2020-07-30 | [Forex markets: Dollar, U.S. Federal Reserve in focus](https://feedsoft.ai/events/52297-forex-markets-dollar-u-s-federal-reserve-in-focus.md) | -0.3% | -0.5% |
| DXY | 2023-11-02 | [What are the key takeaways from the recent FOMC meeting? \| IG International](https://feedsoft.ai/events/11461-what-are-the-key-takeaways-from-the-recent-fomc-meeting-ig-international.md) | -1.4% | -3.1% |
| DXY | 2020-03-02 | [Forex markets: Dollar dented as coronavirus damage spurs interest rate cut bets](https://feedsoft.ai/events/7169-forex-markets-dollar-dented-as-coronavirus-damage-spurs-interest-rate-cut-bets.md) | -0.8% | +4.0% |

## Sources

- vietnaminsiders.com: https://vietnaminsiders.com/the-international-and-domestic-forex-markets-have-seen-many-unexpected-movements-recently/

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