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The State Bank of Vietnam resumed buying US dollars on December 15 after pausing for more than two months. It also sharply cut its dollar selling price, and foreign exchange reserves had fallen about $22 billion to roughly $87 billion.
Renewed central bank dollar buying signals that pressure on the dong is easing, but it also tightens domestic dollar supply and supports the USD against the dong, raising import costs for feed buyers.
vietnamnews.vnDec 16, 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.
