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The Vietnamese dong fell to 22,799 per dollar at major banks, hitting the floor of the trading band, after the dollar hit a 14-year high following the Federal Reserve's rate increase to 0.50-0.75 percent. The Fed signaled more hikes in 2017.
A stronger dollar and weaker dong raise the local-currency cost of imported feed ingredients and make US commodity exports cheaper for other buyers, a mild bearish pressure on US feed prices.
Not 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.
