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Economist Can Van Luc of BIDV expects the Vietnamese dong to strengthen later in 2024, reducing its depreciation to 3.5-4% from about 5%. He cites a global dollar decline over recent weeks and a rise in VND overnight rates that narrows the gap with USD loan rates.
A forecast of dong recovery would ease import cost pressure for Vietnamese feed buyers, though it is a forecast rather than a confirmed move.
theinvestor.vnQuang MinhJun 7, 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.
