# Higher Fed interest rate could weaken Vietnamese currency - VnExpress International

> The US Federal Reserve raised rates for the fourth time in 2018 to 2.25-2.5 percent and projected two more hikes in 2019. Vietnamese economists expect higher dollar rates to draw dollars offshore and weaken the dong.

- Date: 2018-12-23 · published 2018-12-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/61841-higher-fed-interest-rate-could-weaken-vietnamese-currency-vnexpress
- 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 firmer dollar raises the local-currency cost of dollar-priced feed imports into Vietnam, a modest headwind for buyers there.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-12-15 | [Vietnamese dong weakens as dollar surges following Fed rate increase - VnExpress International](https://feedsoft.ai/events/73740-vietnamese-dong-weakens-as-dollar-surges-following-fed-rate-increase-vnexpress.md) | +1.6% | +1.1% |
| DXY | 2026-09-17 | [Vietnam central bank's exchange rate reaches another peak - VnExpress International](https://feedsoft.ai/events/17760-vietnam-central-bank-s-exchange-rate-reaches-another-peak-vnexpress.md) | +1.0% | +2.2% |
| DXY | 2020-03-24 | [Vietnam Why foreign investors are dumping Vietnamese stock​​​​​​​ - VnExpress International](https://feedsoft.ai/events/54400-vietnam-why-foreign-investors-are-dumping-vietnamese-stock-vnexpress.md) | -2.3% | -2.4% |
| DXY | 2023-08-02 | [Dollar jumps to near 4-week high - VnExpress International](https://feedsoft.ai/events/34871-dollar-jumps-to-near-4-week-high-vnexpress-international.md) | +0.9% | +1.4% |
| DXY | 2022-09-23 | [Greenback surge wrong-foots Vietnam exporters - VnExpress International](https://feedsoft.ai/events/39884-greenback-surge-wrong-foots-vietnam-exporters-vnexpress-international.md) | +1.1% | +1.2% |

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/business/economy/higher-fed-interest-rate-could-weaken-vietnamese-currency-3857850.html

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