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Viet Dragon Securities estimates the State Bank of Vietnam has sold about $6.4 billion in foreign currency since April to slow the dong's decline. The central bank also net withdrew VND99.5 trillion from open market operations in June, which has kept interbank rates near 4.5%.
Tighter VND liquidity and high domestic rates raise financing costs for Vietnamese feed producers and importers. The effect on world feed prices is minor.
theinvestor.vnQuang MinhJul 10, 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.
