Loading…
The US Federal Reserve raised its benchmark overnight lending rate by a quarter point to 2.00-2.25% on September 26, its third hike this year. Vietnamese economists said the move was widely expected and would have limited effect on Vietnam's currency and debt markets.
A stronger dollar from Fed tightening can pressure emerging-market currencies and raise dollar-denominated financing costs for feed importers in those markets. The expected nature of the hike suggests the price impact on feed ingredients from Vietnam's side is minor.
vietnamnews.vnSep 29, 2018After 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.
