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Shinhan Bank Vietnam says the dong peaked at VND25,352 per dollar in Q2 2024 and forecasts appreciation to about 25,280 in Q3 and 24,980 in Q4. The bank cites Middle East conflict, US interest rates and weak Chinese growth as pressures, and expects gains if the Federal Reserve cuts rates.
A firmer dong would ease import costs for Vietnamese feed buyers, but the effect on global feed commodity prices is small.
theinvestor.vntheinvestor.vnJul 21, 2024Not 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.
