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The US dollar rose against the Vietnamese dong to its highest level since November 5, with Vietcombank selling dollars at VND24,560. The move came as the dollar edged higher globally while investors reassessed the scale of Federal Reserve rate cuts expected this year.
A firmer dollar against the dong raises the local-currency cost of imported feed ingredients for Vietnamese buyers, while a stronger greenback broadly tends to weigh on dollar-denominated grain prices.
e.vnexpress.netDat NguyenJan 4, 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.
