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Standard Chartered expects Vietnam's growth to fall to 1.7% in 2020 amid deep recessions in the US, euro area and other G10 economies. The bank also expects 150bps of rate cuts so far this year plus 50bps more in Q3, taking the policy rate to 4%.
Weaker external demand for Vietnamese goods lowers the outlook for feed demand from its livestock and processing sectors, a modestly bearish signal for feed ingredient imports.
forexcrunch.comFX StreetMay 19, 2020After 117 past bearish macro events, Soybean Meal moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), and +0.5% 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.
