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The Asian Development Bank's chief economist in Vietnam said recent exchange rate moves remain within the central bank's controlled range and do not require reserve intervention. He said the DXY had risen about 3% year-to-date to near 106 and that the dong's pressure mainly reflects the dollar itself.
The view that the moves are normal and seasonal suggests limited additional pressure on Vietnamese feed import costs. The dollar's broad strength remains the main driver.
en.vietnamplus.vnVietnam+ (VietnamPlusApr 17, 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.
