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Experts forecast the US dollar could strengthen against the Vietnamese dong to around VND25,400 by the end of October, after the State Bank of Vietnam resumed treasury bill offerings. The dollar has risen about 2.75% against the dong since the start of the month, with domestic dollar demand increasing.
A weaker dong makes imported feed inputs and grains more expensive for Vietnamese buyers, a modest cost pressure on local feed producers. The effect on global grain prices is limited.
english.vov.vnVNSOct 25, 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.
