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UOB researchers said the Vietnamese dong selloff appears largely over, with USD/VND retracing lower after reaching forecasts near 23,500. UOB set USD/VND forecasts of 24,000 for Q1 2024 falling to 23,500 by Q4, and cited Vietnam's Q3 GDP growth of 5.33%.
A stabilizing dong lowers the local-currency cost of imported feed ingredients over the coming quarters, supporting Vietnamese feed buyers' purchasing power.
theinvestor.vnMinh AnhDec 8, 2023Not 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.
