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The US dollar fell sharply against the dong at Vietnamese commercial banks after Fed Chair Powell signalled smaller rate hikes from December. The DXY dropped to 105.44, its lowest in three months.
Expectations of slower Fed tightening weaken the dollar, which eases the local cost of dollar-denominated feed imports and softens pressure on Asian importers.
theinvestor.vnHuong DungDec 1, 2022Not enough comparable past events yet for a historical read.
After 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.
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.
