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The Vietnamese official exchange rate has risen for five consecutive sessions, and the trading ceiling reached VND24,000 per dollar. Black market rates have also climbed as the US dollar holds near a two-decade high ahead of expected Federal Reserve hikes.
Persistent dollar strength and dong weakness raise the cost of imported feed ingredients for Vietnamese buyers and tighten financing conditions across emerging markets.
vietnamnet.vnVietNamNet NewsSep 26, 2022Not enough comparable past events yet for a historical read.
After 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.
