The USD to VND exchange rate remains under pressure due to mixed economic signals from the United States and growing concerns about global economic policies. Following the release of US payrolls data, the USD experienced a slight decline as unemployment rose, fueling speculation surrounding potential rate cuts by the Federal Reserve. Analysts suggest that while a rate cut in December is unlikely, uncertainty surrounding future monetary policy continues to influence investor sentiment.
The Vietnamese đồng (VND), on the other hand, faces forecasts of depreciation, expected to weaken by approximately 3% against the USD in 2025. This projection is driven by external pressures, including US tariffs on Vietnamese goods and the strong performance of the USD. Economic experts note that the State Bank of Vietnam's intervention, which included selling about $1.5 billion through forward contracts in September to stabilize the VND, indicates ongoing challenges in maintaining currency stability.
Recent data reveals that the USD to VND exchange rate is currently trading near 26,350, which is at a seven-day low and aligns closely with its three-month average, showing limited volatility within a 0.5% range. This stability suggests a period of adjustment as both currencies respond to evolving economic conditions. Notably, the combination of the Fed's rate cuts and external trade tensions continues to influence the VND's performance, with economists closely monitoring these developments for their impact on the Vietnamese economy.
As global pressures mount, businesses and individuals engaged in international transactions may benefit from staying informed about these trends to navigate the currency market effectively.
