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Vietnamese experts say the Fed's 0.5 percentage point rate cut will narrow the interest rate gap between the dong and the dollar, easing pressure on the exchange rate. The policy roundtable held on October 24 also said lower rates could help Vietnamese exporters and reduce business borrowing costs.
Easing currency pressure lowers the local cost of imported feed ingredients over time, though the effect on world commodity prices is minimal. The analysis is largely a domestic policy view.
vietnamnet.vnOct 25, 2024Not enough comparable past events yet for a historical read.
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.
