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The State Bank of Vietnam has sold about $5.5 billion of foreign currency since late April to limit dong depreciation. The dong has lost about 4.3% against the dollar this year, and dong devaluation regained momentum in late June on rising forex demand and dollar strength.
Central bank dollar sales show the currency pressure is significant, supporting higher import costs for feed ingredients priced in dollars.
theinvestor.vnDinh Vu, Anh MinhJun 27, 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.
