# VND likely to depreciate 1% toward end-2018 as CNY weakens

> HSBC Vietnam expects the dong to lose 0.5 to 1 percent against the dollar by year end as the Chinese yuan keeps sliding. The yuan hit a 19-month low in early October after the PBOC cut reserve requirements again, and the Fed rate hike strengthened the dollar.

- Date: 2018-10-16 · published 2018-10-16T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/62841-vnd-likely-to-depreciate-1-toward-end-2018-as-cny-weakens
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker yuan and dollar strength pressure regional currencies and raise the cost of imported feed inputs priced in dollars. The effect on feed prices is modest given the small expected move.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-07-30 | [China's yuan hits 13-month low on weaker fixing and depreciation bets](https://feedsoft.ai/events/64266-china-s-yuan-hits-13-month-low-on-weaker-fixing-and-depreciation-bets.md) | +0.3% | -0.1% |
| USDCNY | 2018-05-30 | [Why we’re forecasting the yuan to depreciate \| articles \| ING THINK](https://feedsoft.ai/events/65232-why-we-re-forecasting-the-yuan-to-depreciate-articles-ing-think.md) | -0.2% | +2.5% |
| USDCNY | 2022-10-24 | [CNY/USD: China Yuan Weakens Past 7.3 Per Dollar, All-Time Low Since 2010 - Bloomberg](https://feedsoft.ai/events/6932-cny-usd-china-yuan-weakens-past-7-3-per-dollar-all-time-low-since-2010-bloomberg.md) | +0.1% | -1.0% |
| USDCNY | 2018-07-30 | [Renminbi/Chinese Yuan Depreciates as a Result of Economic Weakness and Loosening Policies - ActionForex](https://feedsoft.ai/events/64272-renminbi-chinese-yuan-depreciates-as-a-result-of-economic-weakness-and.md) | +0.3% | -0.1% |
| USDCNY | 2022-11-28 | [Dollar weakens as U.S. bond yields drop](https://feedsoft.ai/events/38899-dollar-weakens-as-u-s-bond-yields-drop.md) | -2.0% | -2.5% |
| DXY | 2018-09-26 | [Euro likely to stay weak against dollar until mid-2019 \| The National](https://feedsoft.ai/events/63252-euro-likely-to-stay-weak-against-dollar-until-mid-2019-the-national.md) | +0.2% | +1.5% |
| DXY | 2021-07-01 | [USD/INR: Rupee Extends Losses; Further Depreciation Likely](https://feedsoft.ai/events/46348-usd-inr-rupee-extends-losses-further-depreciation-likely.md) | +0.5% | -0.1% |
| DXY | 2025-10-30 | [South African Rand Weakens to Over 1-Week Low](https://feedsoft.ai/events/22701-south-african-rand-weakens-to-over-1-week-low.md) | +1.1% | +0.4% |

## Sources

- hanoitimes.vn: https://hanoitimes.vn/vnd-likely-to-depreciate-1-toward-end-2018-as-cny-weakens-2972.html

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