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Vietnamese dong rates showed the USD rising against the local currency on September 26, with the State Bank central rate at 23,134 VND/USD. The US Dollar Index was at 93.27, supported by Federal Reserve signals that it could soon raise rates and begin tapering stimulus.
A firmer dollar on Fed tightening signals raises the local cost of imported feed for Vietnamese buyers, while domestic gold price gaps are unrelated to feed.
news.laodong.vnTrà MySep 26, 2021After 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.
