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The State Bank of Vietnam said it is buying US dollars again to rebuild foreign exchange reserves after selling roughly $20 billion earlier in 2022 to defend the dong. Officials cited positive signals in the FX market that allow continued purchases.
Central bank dollar buying tends to firm the USD against the dong, which raises the cost of imported feed inputs priced in dollars for Vietnamese buyers.
e.vnexpress.netReutersDec 28, 2022Not 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.
