In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has unintentionally exacerbated exchange rate pressure. The DXY consistently hovers around 108, causing USDVND to trade near the upper bound of Vietnam’s central parity rate, with occasional breaches of the SBV’s ask price. As a result, the SBV may have been prompted to take intervention measures, such as selling USD into the foreign exchange market to alleviate pressures stemming from the Fed’s hawkish stance for 2025. Moving forward, particularly with the impending official return of Donald Trump as the next U.S. president, further USDVND pressures are anticipated, potentially necessitating additional supportive actions from the SBV in the upcoming period.

In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has unintentionally exacerbated exchange rate pressure. The DXY consistently hovers around 108, causing USDVND to trade near the upper bound of Vietnam’s central parity rate, with occasional breaches of the SBV’s ask price. As a result, the SBV may have been prompted to take intervention measures, such as selling USD into the foreign exchange market to alleviate pressures stemming from the Fed’s hawkish stance for 2025. Moving forward, particularly with the impending official return of Donald Trump as the next U.S. president, further USDVND pressures are anticipated, potentially necessitating additional supportive actions from the SBV in the upcoming period.

In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has unintentionally exacerbated exchange rate pressure. The DXY consistently hovers around 108, causing USDVND to trade near the upper bound of Vietnam’s central parity rate, with occasional breaches of the SBV’s ask price. As a result, the SBV may have been prompted to take intervention measures, such as selling USD into the foreign exchange market to alleviate pressures stemming from the Fed’s hawkish stance for 2025. Moving forward, particularly with the impending official return of Donald Trump as the next U.S. president, further USDVND pressures are anticipated, potentially necessitating additional supportive actions from the SBV in the upcoming period.

In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has unintentionally exacerbated exchange rate pressure. The DXY consistently hovers around 108, causing USDVND to trade near the upper bound of Vietnam’s central parity rate, with occasional breaches of the SBV’s ask price. As a result, the SBV may have been prompted to take intervention measures, such as selling USD into the foreign exchange market to alleviate pressures stemming from the Fed’s hawkish stance for 2025. Moving forward, particularly with the impending official return of Donald Trump as the next U.S. president, further USDVND pressures are anticipated, potentially necessitating additional supportive actions from the SBV in the upcoming period.

In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has unintentionally exacerbated exchange rate pressure. The DXY consistently hovers around 108, causing USDVND to trade near the upper bound of Vietnam’s central parity rate, with occasional breaches of the SBV’s ask price. As a result, the SBV may have been prompted to take intervention measures, such as selling USD into the foreign exchange market to alleviate pressures stemming from the Fed’s hawkish stance for 2025. Moving forward, particularly with the impending official return of Donald Trump as the next U.S. president, further USDVND pressures are anticipated, potentially necessitating additional supportive actions from the SBV in the upcoming period.

In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has unintentionally exacerbated exchange rate pressure. The DXY consistently hovers around 108, causing USDVND to trade near the upper bound of Vietnam’s central parity rate, with occasional breaches of the SBV’s ask price. As a result, the SBV may have been prompted to take intervention measures, such as selling USD into the foreign exchange market to alleviate pressures stemming from the Fed’s hawkish stance for 2025. Moving forward, particularly with the impending official return of Donald Trump as the next U.S. president, further USDVND pressures are anticipated, potentially necessitating additional supportive actions from the SBV in the upcoming period.

In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has unintentionally exacerbated exchange rate pressure. The DXY consistently hovers around 108, causing USDVND to trade near the upper bound of Vietnam’s central parity rate, with occasional breaches of the SBV’s ask price. As a result, the SBV may have been prompted to take intervention measures, such as selling USD into the foreign exchange market to alleviate pressures stemming from the Fed’s hawkish stance for 2025. Moving forward, particularly with the impending official return of Donald Trump as the next U.S. president, further USDVND pressures are anticipated, potentially necessitating additional supportive actions from the SBV in the upcoming period.

In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has unintentionally exacerbated exchange rate pressure. The DXY consistently hovers around 108, causing USDVND to trade near the upper bound of Vietnam’s central parity rate, with occasional breaches of the SBV’s ask price. As a result, the SBV may have been prompted to take intervention measures, such as selling USD into the foreign exchange market to alleviate pressures stemming from the Fed’s hawkish stance for 2025. Moving forward, particularly with the impending official return of Donald Trump as the next U.S. president, further USDVND pressures are anticipated, potentially necessitating additional supportive actions from the SBV in the upcoming period.

In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has unintentionally exacerbated exchange rate pressure. The DXY consistently hovers around 108, causing USDVND to trade near the upper bound of Vietnam’s central parity rate, with occasional breaches of the SBV’s ask price. As a result, the SBV may have been prompted to take intervention measures, such as selling USD into the foreign exchange market to alleviate pressures stemming from the Fed’s hawkish stance for 2025. Moving forward, particularly with the impending official return of Donald Trump as the next U.S. president, further USDVND pressures are anticipated, potentially necessitating additional supportive actions from the SBV in the upcoming period.

In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has unintentionally exacerbated exchange rate pressure. The DXY consistently hovers around 108, causing USDVND to trade near the upper bound of Vietnam’s central parity rate, with occasional breaches of the SBV’s ask price. As a result, the SBV may have been prompted to take intervention measures, such as selling USD into the foreign exchange market to alleviate pressures stemming from the Fed’s hawkish stance for 2025. Moving forward, particularly with the impending official return of Donald Trump as the next U.S. president, further USDVND pressures are anticipated, potentially necessitating additional supportive actions from the SBV in the upcoming period.