# Signal of cooling early in November; target to hold dong depreciation under 3% by year-end

> Vietnam's State Bank set the central USD/VND rate at 25,630 on 3 November, down 1 dong from the previous session, within a ±5% trading band. The US dollar price index fell 0.26% m/m in October and 1.26% y/y, while the free-market USD rate rose 100 dong to about 26,100.

- Date: 2026-11-03 · published 2026-11-03T15:13:09.263Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/77920-signal-of-cooling-early-in-november-target-to-hold-dong-depreciation-under-3-by
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A stable official dong and a softer dollar index ease import costs for Vietnamese feed compounders, though the wider free-market premium signals some pressure on feed ingredient purchasing costs. Dollar-priced feed inputs such as soybean meal and corn are less expensive in local currency when the dong holds steady.

## Read by commodity

- DXY: bearish ▼
- SBM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-27 | [Dollar depreciation unlikely to last \| Capital Economics](https://feedsoft.ai/events/45478-dollar-depreciation-unlikely-to-last-capital-economics.md) | -0.9% | -0.0% |
| DXY | 2025-06-26 | [Fed rate cuts, dollar depreciation to drive commodity rally, says Kunal Shah of Nirmal Bang - CNBC TV18](https://feedsoft.ai/events/24109-fed-rate-cuts-dollar-depreciation-to-drive-commodity-rally-says-kunal-shah-of.md) | -0.9% | -0.6% |
| DXY | 2023-07-13 | [Dollar buckles on US disinflation signs as Fed nears end of hiking cycle](https://feedsoft.ai/events/9978-dollar-buckles-on-us-disinflation-signs-as-fed-nears-end-of-hiking-cycle.md) | -0.2% | +1.6% |
| DXY | 2017-06-28 | [The situation in the US is improving because of the precipitation, in Ukraine however it does not rain](https://feedsoft.ai/events/70610-the-situation-in-the-us-is-improving-because-of-the-precipitation-in-ukraine.md) | +0.1% | -1.9% |
| DXY | 2025-09-29 | [Why is the exchange rate in Vietnam rising rapidly despite the depreciation of the US dollar internationally?](https://feedsoft.ai/events/23193-why-is-the-exchange-rate-in-vietnam-rising-rapidly-despite-the-depreciation-of.md) | -0.3% | +0.3% |
| SBM | 2022-08-02 | [Argentina’s Cash Needed to Avert Devaluation is Drying Up](https://feedsoft.ai/events/40324-argentina-s-cash-needed-to-avert-devaluation-is-drying-up.md) | +1.9% | -2.0% |
| SBM | 2025-07-31 | [U.S. dollar exchange rate in Argentina hits all-time high of AR$1,380 - Buenos Aires Herald](https://feedsoft.ai/events/24045-u-s-dollar-exchange-rate-in-argentina-hits-all-time-high-of-ar-1-380-buenos.md) | +2.6% | +11.0% |
| SBM | 2024-10-30 | [Argentina's Milei Taps Unseasonal Source in Search of Dollars: Shock Therapy \| Financial Post](https://feedsoft.ai/events/28129-argentina-s-milei-taps-unseasonal-source-in-search-of-dollars-shock-therapy.md) | -0.8% | -4.8% |

## Sources

- baomoi.com: https://baomoi.com/don-tin-hieu-ha-nhiet-dau-thang-11-muc-tieu-kim-da-tang-ty-gia-duoi-3-sang-cua-ve-dich-c56420812.epi

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