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The State Bank of Vietnam has slowed rate cuts despite government pressure, even after four cuts this year. The dong has lost 0.2% against the dollar in July as traders weigh further easing amid a hawkish US Federal Reserve.
A weaker dong raises the cost of imported feed ingredients for Vietnamese buyers, since the country imports heavily, so the currency outlook matters more than the rate decision itself.
yibn.comJul 17, 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.
