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The State Bank of Vietnam's official dollar rate eased slightly in early May after reaching a record VND23,272 in late April. Commercial bank buying and selling prices also dipped, while the dollar weakened internationally.
Currency moves in Vietnam are small and largely reflect a softer global dollar, with little direct effect on feed commodity prices.
vinachem.com.vnMay 8, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
