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The Fed raised rates by 75 basis points to 3.75-4%, and the dollar index climbed after Chair Powell said borrowing costs would need to rise to fight inflation. Gold fell sharply on the move.
The article reports the dollar rally in Vietnamese dong terms.
A firmer dollar from a more hawkish Fed raises the cost of dollar-priced commodities for importers outside the US and can weigh on commodity prices.
news.laodong.vnTrà MyNov 4, 2022After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
