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Vietnam's dong fell to a record low against the US dollar after the central bank set the reference fixing lower. The currency dropped 0.1% to 25,485 per dollar on Monday, beyond its previous all-time low from May.
A weaker dong raises the cost of imported feed ingredients priced in dollars for Vietnamese buyers, while reinforcing a strong-dollar backdrop that tends to pressure dollar-denominated grain prices.
bloomberg.comNguyen Dieu Tu UyenJan 1, 2025Not enough comparable past events yet for a historical read.
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.
