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Vietcombank Securities expects the Vietnamese dong to narrow its year-to-date slide against the dollar by year-end, assuming the US Federal Reserve starts cutting rates. The dong has fallen about 4.95% so far this year.
A forecast of dong stabilization would ease import cost pressure on Vietnamese feed buyers, though the outlook depends on US rate policy and the dollar index.
theinvestor.vnQuang MinhMay 8, 2024Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
