The State Bank of Vietnam held its central dong rate for the US dollar at 25,637 dong. The US Dollar Index rose 1.09% over the week to 103.41, near a 19-month high.
The gain followed higher-than-expected US inflation data, rising bond yields, and signals that the Federal Reserve could keep tightening.
A stronger dollar raises the local-currency cost of dollar-priced feed ingredients in Vietnam and lowers US export prices in dollar terms. Continued dollar strength can add pressure to global grain and oilseed prices.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.