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The Federal Reserve raised its policy rate by 0.25 percentage points to 0.75-1%, and the Vietnamese dong strengthened against the dollar as the dollar index fell to a three-week low of 100.51. Domestic gold prices rose by VND150,000 per tael, the largest increase in ten days, tracking the global gold rally.
A weaker dollar and firmer global gold prices lift the local gold price in Vietnam, while the dong's move has little direct effect on feed commodity prices.
bizhub.vietnamnews.vnvietnamnews.vnMar 15, 2017After 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.
