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The State Bank of Vietnam raised its reference rate to VND25,632 after the Fed's first rate hike since July 2023. The Dollar Index rose to around 100.34, its highest level in nearly seven weeks.
A firmer dollar after the Fed hike raises the cost of dollar-priced imports for Vietnamese buyers and can weigh on US dollar-denominated commodity 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.