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The US dollar slipped slightly against the Vietnamese dong on the black market, with unofficial exchange points selling it at VND23,450. Most banks kept their rates unchanged, and the State Bank of Vietnam held its reference rate at VND23,632.
Globally, the dollar fell against the yen after softer US inflation reduced expectations of further Fed rate hikes.
Currency moves of this size have little direct effect on feed grain or meal prices. Softer dollar expectations can modestly support dollar-priced commodities, but the effect here is minor.
e.vnexpress.netDat NguyenMay 11, 2023Not 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.
