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The US dollar rose to its highest level since March 16 against the Vietnamese dong on June 29, with Vietcombank selling dollars at VND23,755. The yen weakened past 145 per dollar, its lowest in over seven months, amid speculation of Japanese intervention and pressure from China's faltering recovery.
A stronger dollar against Asian currencies raises the local-currency cost of importing feed ingredients for Vietnam and Japan, which can tighten buying power for feed makers. Currency pressure in major Asian importers can also soften demand for dollar-priced commodities.
e.vnexpress.netDat NguyenJun 30, 2023After 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.
Not enough comparable past events yet for a historical read.
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.
