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Shinhan Bank Vietnam expects the USD/VND exchange rate to peak at the start of Q3 2024 and then ease. It cites continued global dollar strength, raw material import cycles and profit repatriation by foreign firms as near-term drivers.
A forecast peak in the dollar rate points to continued elevated import costs for Vietnamese feed buyers through the next quarter before potential relief.
theinvestor.vntheinvestor.vnJun 13, 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.
