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The dong weakened against the dollar in the days after the Fed's 0.25-point rate hike, with the official reference rate at VND22,617 per dollar. Vietnamese officials and experts said the move would not significantly harm the economy, and commercial bank quotes also rose.
A stronger dollar raises the local cost of imported feed ingredients such as corn and soymeal, though officials expect limited pressure. The price effect is small and mostly reflects the broader Fed-driven dollar rally.
en.vietstock.vnJun 21, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
