
On November 5, the State Bank of Vietnam's central USD/VND rate was set at 25,623 dong, down 4 dong from the prior session. Commercial banks quoted selling rates around 25,880-25,895 dong per USD.
The US dollar index fell 0.3% to about 101.23 after Democrats won control of both houses of Congress in the midterm elections, and the 10-year Treasury yield dropped to about 4.92%.
A weaker dollar and lower US yields ease pressure on Vietnam's currency and reduce the cost of dollar-denominated feed imports, which are priced in USD. Downside pressure on the dong is limited in the near term.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.