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An interview with a Vietnamese gold trader says the Russia-Ukraine conflict has pushed the USD Index above 97 and lifted the dollar more than 6% in about a week. It also says the SWIFT removal of Russian banks has weakened the rouble and that gold has risen alongside oil.
A firmer dollar and a rising oil price raise import costs for Vietnamese feed buyers, while the interview itself offers no new supply-side information.
dttc.sggp.org.vnYen Lam (interviewerMar 6, 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.
Not enough comparable past events yet for a historical read.
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.
