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The US dollar fell against the Vietnamese dong at banks and on the black market on Monday, with Vietcombank selling at VND23,620. The USD/VND rate had declined about 0.46% since the start of the year.
The move followed weaker US jobs and services data that raised hopes the Federal Reserve would slow its rate hikes.
A softer dollar against regional currencies has little direct effect on feed grain prices. It is routine currency commentary with no new supply or demand driver for feed buyers.
e.vnexpress.netNgan AnhJan 9, 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.
