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Some Vietnamese commercial banks raised their US dollar rates after the Federal Reserve lifted its benchmark rate to 1.50-1.75% at its first meeting under Jerome Powell. Experts expect the dong to stay relatively stable through 2018, and the Fed is forecast to make at least two more hikes this year.
Higher US rates strengthen the dollar against emerging-market currencies, which can raise the local-currency cost of imported feed ingredients in Vietnam, although the expected stability limits the impact.
en.vietstock.vnMar 26, 2018Not 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.
