Loading…
The State Bank of Vietnam's Permanent Deputy Governor said the bank will manage the exchange rate flexibly and is ready to intervene. He attributed the pressure to the Fed's delay in cutting rates and a widening gap between dollar and dong interbank rates.
Signals of central bank intervention can cap short-term dong depreciation, but the underlying dollar-strength pressure persists. Feed importers should expect volatile local-currency import costs.
en.vietnamplus.vnVietnam+ (VietnamPlusApr 4, 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.
