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The Dollar Index rose to 108.17 in the week before August 25, its biggest weekly gain since April 2020, as investors sought safe-haven inflows after weak Chinese data and China's surprise rate cut. The State Bank of Vietnam is holding the USD/VND selling price at 23,400 and increasing foreign currency sales to stabilise the dong.
A firmer dollar tends to pressure dollar-priced feed commodities and raises the local-currency cost of imported feed inputs for Vietnamese buyers, while analysts expect the dollar's rise to slow in the second half.
en.diendandoanhnghiep.vnEnternewAug 25, 2022After 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.
