Loading…
The State Bank of Vietnam is continuing to withdraw excess dong liquidity through treasury bill sales to stabilise interbank rates and the exchange rate. The dong has weakened about 4.4% against the dollar year to date, and analysts expect pressure to persist as major central banks keep monetary policy tight.
Persistent dong weakness raises the local cost of imported feed ingredients for Vietnamese buyers, while central bank liquidity operations are a routine currency-management step with little direct effect on feed prices.
theinvestor.vnAnh MinhNov 7, 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.
