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The US dollar weakened slightly against the Vietnamese dong on the morning of October 29, with Vietcombank selling at VND25,458, while the greenback hovered near a three-month global peak. The dollar index was little changed at 104.24 after reaching its highest since July 30 the previous day, ahead of a big week of US macroeconomic data.
A firm dollar raises the cost of dollar-priced feed ingredient imports for Vietnam and other emerging markets, while pressuring local-currency buying power. Dollar strength generally weighs on dollar-denominated grain and oilseed prices.
e.vnexpress.netMinh HieuOct 30, 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.
