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At Vietnamese commercial banks on Friday afternoon, the US dollar reached VND24,000 for the first time, up over 4.7% so far this year. The State Bank of Vietnam raised its selling rate to commercial banks and stopped listing its buying price to stabilize the exchange rate.
A weaker dong raises the local cost of imported feed inputs such as soybean meal and corn for Vietnamese buyers, while a strong dollar generally pressures dollar-priced commodities globally.
e.vnexpress.netQuynh TrangSep 30, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
