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The Fed signaled only two rate cuts in 2025, prompting the dollar index to near 108, its highest in a year. The dong's interbank rate rose past the State Bank's intervention price to 25,453 per dollar, up nearly 5% year to date.
Higher-for-longer US rates strengthen the dollar and push up dong-denominated import costs for feed ingredients, a modest bullish pressure on dollar-priced commodities.
vietnamnews.vnDec 23, 2024Not 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.
