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Vietnam's central bank set its dong reference rate at 24,283 per dollar, the weakest since at least 2005. The dong was trading near record lows and is on track for its worst annual performance since 2015, as the dollar surge pressures emerging-market currencies.
A record-weak dong and a broadly strong dollar raise the cost of dollar-priced feed imports for Vietnam and may weigh on regional demand for US and Brazilian feed ingredients.
businesstimes.com.sgNov 7, 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.
