# Vietnamese dong weakens as dollar surges following Fed rate increase - VnExpress International

> The Vietnamese dong fell to 22,799 per dollar at major banks, hitting the floor of the trading band, after the dollar hit a 14-year high following the Federal Reserve's rate increase to 0.50-0.75 percent. The Fed signaled more hikes in 2017.

- Date: 2016-12-15 · published 2016-12-15T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/73740-vietnamese-dong-weakens-as-dollar-surges-following-fed-rate-increase-vnexpress
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and weaker dong raise the local-currency cost of imported feed ingredients and make US commodity exports cheaper for other buyers, a mild bearish pressure on US feed prices.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-12-23 | [Higher Fed interest rate could weaken Vietnamese currency - VnExpress International](https://feedsoft.ai/events/61841-higher-fed-interest-rate-could-weaken-vietnamese-currency-vnexpress.md) | -0.6% | -1.4% |
| DXY | 2023-06-30 | [Dollar surges to 15-week high against dong - VnExpress International](https://feedsoft.ai/events/35790-dollar-surges-to-15-week-high-against-dong-vnexpress-international.md) | -0.4% | -1.5% |
| DXY | 2025-01-02 | [Dollar rises against dong - VnExpress International](https://feedsoft.ai/events/26841-dollar-rises-against-dong-vnexpress-international.md) | -0.2% | -0.9% |
| DXY | 2026-06-29 | [Dollar rises against dong - VnExpress International](https://feedsoft.ai/events/19123-dollar-rises-against-dong-vnexpress-international.md) | -0.0% | -0.1% |
| DXY | 2026-03-23 | [Dollar rises against dong - VnExpress International](https://feedsoft.ai/events/20471-dollar-rises-against-dong-vnexpress-international.md) | +0.5% | -1.8% |

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