
The US dollar fell against the Vietnamese dong in Hanoi and was heading for a weekly loss against major currencies. Japan and South Korea reportedly intervened jointly to buy their currencies, possibly alongside the United States.
The won gained nearly 8% over the month as firms repatriated dollars.
A weaker dollar index eases pressure on emerging-market currencies and can modestly support dollar-priced commodity import costs in Asia, though the effect on grain and feed prices is limited.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.