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Bank of America forecasts the Vietnamese dong will weaken about 1% more by year-end, reaching 25,700 per dollar. The bank cites delayed Fed rate cuts, political instability and property-sector stress as drivers.
Continued dong weakness keeps dollar-denominated feed input costs elevated for Vietnamese buyers. The effect on global feed prices is limited because the move is modest.
theinvestor.vnQuang MinhApr 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.
