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The US dollar fell against the Vietnamese dong on December 8 to a one-week low, with Vietcombank selling at VND23,800. Globally, the dollar weakened after Federal Reserve officials signaled the tightening cycle was nearing its end, while sterling and the euro rose.
A softer dollar after signals the Fed is nearing the end of tightening lowers the local cost of imported feed ingredients and tends to support dollar-priced grain and oilseed markets.
vnexpressnews.netadminDec 8, 2023After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.
