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The US dollar rose to its highest level since July 6 against the Vietnamese dong, with Vietcombank selling at 23,900 dong. Globally the dollar was mixed after Fitch downgraded US sovereign debt to AA+ on August 1.
A firmer dollar against regional currencies raises the local cost of imported feed grains and meal in Vietnam, while a softer euro and sterling marginally weigh on dollar-denominated commodity prices.
e.vnexpress.netDat NguyenAug 2, 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.
