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VinaCapital says the Fed's first rate cut in four years will have mixed effects on Vietnam. The cut reduces dollar strength and eases depreciation pressure on the dong, but a slower US economy could weigh on Vietnam's GDP growth.
The firm expects the State Bank of Vietnam not to follow the Fed's cut.
A weaker dollar eases pressure on Vietnam's import costs, but slower US and Vietnamese growth could reduce demand for feed-linked output. The net effect on feed prices is limited.
theinvestor.vnAnh MinhSep 21, 2024After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
