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The US dollar rose against the Vietnamese dong at Vietcombank on February 22, while the State Bank of Vietnam reference rate eased slightly. Globally the dollar firmed after stronger-than-expected business activity in the US and UK, which raised expectations of further rate hikes.
A firmer dollar raises the cost of dollar-priced grain and feed imports for importers using local currencies. The move reflects expectations of tighter US policy, which weigh on commodity prices more broadly.
vnexpressnews.netadminFeb 22, 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.
