# Multiple factors support exchange rate stability: SSI

> SSI forecast that the State Bank of Vietnam may sell foreign reserves if the exchange rate keeps rising. The dollar rose about 150 dong in June and July, and the central bank has around $65 billion in reserves and has signalled readiness to intervene.

- Date: 2018-07-20 · published 2018-07-20T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/64333-multiple-factors-support-exchange-rate-stability-ssi
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Central bank intervention to defend the dong would limit currency-driven swings in dollar-denominated feed import costs for Vietnamese buyers.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/multiple-factors-support-exchange-rate-stability-ssi-post135017.vnp

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