# VND holds steady after US rate rise

> The Vietnamese dong held steady in the week after the US Federal Reserve raised its policy rate by 25 basis points to 1.25-1.5%. The State Bank of Vietnam's central fixing was adjusted only slightly, and the dollar sold off against major currencies after the hike. Local analysts expect a 1-2% VND devaluation in 2018.

- Date: 2017-12-21 · published 2017-12-21T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/67771-vnd-holds-steady-after-us-rate-rise
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stable dong keeps Vietnamese feed importers' dollar costs predictable for soybean meal, corn and other feed ingredients. A weaker dong in 2018 would raise landed costs for imported feed.

## Sources

- vir.com.vn: https://vir.com.vn/vnd-holds-steady-after-us-rate-rise-54902.html

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