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Home Exchange Rate/Rate

Variables expected to address US policy

Amid the strengthening dollar on international markets and USD/VND exchange rates at banks hovering near the upper allowable limit, the State Bank of Vietnam is projected to raise regulatory interest rates to alleviate pressure on foreign reserves.

Phương Chu by Phương Chu
January 17, 2025
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The Dollar Index has been on a sharp upward trajectory, reaching 109.03 points as of January 9, marking an increase of 0.34 points from the previous trading day. This marks the second consecutive rise for the USD, supported by climbing US Treasury yields.

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