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ANZ Bank forecasts USD/VND reaching 25,000 by year-end, with the dong already down roughly 8.2% year to date. ANZ expects broad dollar strength and a weaker export outlook to keep pressure on the currency.
It also suggests the dong looks overvalued against Asian peers.
A forecast of further dong weakness points to higher dollar-based import costs for Vietnamese feed and fuel buyers over the coming months.
octaafrica.netNov 9, 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.
