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The State Treasury has offered to buy a total of US$500 million from commercial banks over the past three weeks. Bank selling prices have risen about 400 dong per dollar since before the Lunar New Year, to around 25,700.
Sustained state dollar buying adds demand for dollars in a market where supply is limited, which pushes the dong weaker. That raises the local cost of imported feed inputs.
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.