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The State Bank of Vietnam lowered its reference rate by VND30 to VND23,960 per dollar on February 1, 2024. The Fed kept rates unchanged and signalled no near-term cut, and the dollar index rose 0.12% to 103.51.
A firmer dollar after the Fed decision pushes up the local cost of USD-priced imports for Vietnam. The central rate move is small and does not change the trend.
theinvestor.vnDinh Vu, Minh HueFeb 3, 2024Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
