Loading…
The State Bank of Vietnam's central rate for the dong fell below 24,000 per dollar, closing the prior week at 23,972 and cutting further to 23,954 on Monday. Commercial bank dollar prices also eased, with Vietcombank and BIDV trading near 24,100 to 24,400.
A firmer dong reduces pressure on domestic interest rates and import costs for Vietnam, a feed-importing market, with limited direct effect on grain or meal prices.
vietnamnews.vnNov 22, 2023Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
