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The State Bank of Vietnam has taken measures to curb the rising US dollar against the dong, which broke 24,000 on September 11 and hit 24,076 on Monday. Black-market rates were around 24,320-24,400.
Persistent dong weakness against a strong dollar raises Vietnam's import costs for feed grains and meal, supporting local feed prices.
vietnamnews.vnSep 27, 2023Not 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.
