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Minutes of the Federal Reserve's July meeting indicated the Fed will likely cut rates in September if economic data continue as expected. CME FedWatch showed a 62% probability of a 25 basis point cut, and the dollar index traded near 101.45, near an eight-month low.
The article links the expected US easing to room for the State Bank of Vietnam to loosen policy.
Expected Fed easing weakens the dollar, which tends to support dollar-priced agricultural commodities and eases import costs for Vietnam. The price implication is a modest, indirect support for dollar-based feed inputs.
theinvestor.vnQuang MinhAug 23, 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.
