# Exchange rates stable despite Fed rate hikes

> The VND/USD rate changed little on June 15-16, 2017, after the Federal Reserve raised its benchmark rate by a quarter point to 1.00-1.25 percent on June 14. The State Bank of Vietnam's reference rate was 22,405, three dong lower than the day before.

- Date: 2017-06-16 · published 2017-06-16T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/70823-exchange-rates-stable-despite-fed-rate-hikes
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Experts expect Fed tightening to have limited effect on the dong because of central bank management, so the impact on Vietnamese feed import costs is modest.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/exchange-rates-stable-despite-fed-rate-hikes-post113401.vnp

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