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The US dollar rose against the Vietnamese dong on December 11, with Vietcombank selling at VND24,430. The State Bank of Vietnam raised its reference rate slightly, while the dollar also gained against the yen after Bank of Japan remarks hinted at a policy shift.
A firmer dollar against Asian currencies raises the local-currency cost of imported feed ingredients such as soymeal and corn for Vietnamese buyers, while a stronger dollar generally pressures US commodity prices in dollar terms.
e.vnexpress.netDat NguyenDec 12, 2023Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) 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.
