# Stable foreign exchange rate expected in 2018 | Vietstock

> Some Vietnamese commercial banks raised their US dollar rates after the Federal Reserve lifted its benchmark rate to 1.50-1.75% at its first meeting under Jerome Powell. Experts expect the dong to stay relatively stable through 2018, and the Fed is forecast to make at least two more hikes this year.

- Date: 2018-03-26 · published 2018-03-26T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/66318-stable-foreign-exchange-rate-expected-in-2018-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Higher US rates strengthen the dollar against emerging-market currencies, which can raise the local-currency cost of imported feed ingredients in Vietnam, although the expected stability limits the impact.

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2018/03/stable-foreign-exchange-rate-expected-in-2018-37-312996.htm

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