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Vietnamese experts said the collapse of Silicon Valley Bank, Signature Bank and Credit Suisse will not pose a substantial risk to Vietnam's economy. The US dollar index fell 1.3% to 103.86 after the bank failures.
Analysts expect a weaker dollar to ease pressure on the dong and help the central bank rebuild reserves.
A weaker dollar and slower Fed hikes ease dollar-cost pressure on Vietnamese feed importers. The effect on feed commodity prices is modest.
en.vietnamplus.vnVietnam+ (VietnamPlusMar 22, 2023After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
