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The State Bank of Vietnam said pressure on foreign currencies has eased and that it has been buying foreign currency to rebuild its reserves. It also reported that foreign currency sales to individuals fell sharply in November after a previous period of heavy selling.
Easing FX pressure reduces the risk of abrupt dong depreciation that would raise the cost of imported feed ingredients. The impact on global grain and protein prices is small.
en.vneconomy.vnPhan LinhFeb 4, 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.
