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The US dollar rose to a new high against the Vietnamese dong, with Vietcombank lifting its rate to VND26,345. The State Bank of Vietnam raised its reference rate to VND25,091, and the black-market rate reached VND26,470.
The dollar had gained 3.12% against the dong so far this year, even as the dollar index hovered near three-and-a-half-year lows.
A record dong low increases the local currency cost of dollar-priced feed imports, which can weigh on Vietnamese import demand and margins.
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.