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The dollar price in Vietnam's official and unofficial markets cooled after the State Bank of Vietnam issued 28-day T-bills worth about VND15 trillion per session from March 11. Experts say the bill issuance absorbed interbank liquidity and raised dong interest rates, reducing short-term dollar speculation.
Easing dong pressure lowers import costs for Vietnamese feed buyers, though the story has little effect on global grain or meal prices.
vietnamnews.vnMar 14, 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.
