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Vietcombank Securities forecasts the Vietnamese dong may weaken about 3% against the dollar this year if the dollar index does not rise further. The brokerage cites expected continued tightening by the Fed and ECB and notes that the dong fell 1% in October, a 4.4% year-to-date loss.
A forecast of a weaker dong suggests higher import costs in Vietnam for feed ingredients priced in dollars, though the effect is modest and the outlook is an analyst estimate.
theinvestor.vnAnh MinhNov 9, 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.
