USDVND edges down after Fed cut

In 38W25, interbank liquidity remained comfortable as the SBV allowed a net withdrawal amid repo maturities, while short-term rates declined and trading volumes surged. These dynamics suggest easing funding pressures, with ON holding near 4% and activity strengthening. In FX, the USDVND edged down slightly after the Fed’s widely expected 25bps cut and guidance for further easing, despite the foreign bloc remained net sellers on the HoSE.