Loading…
The US dollar rose marginally against the dong on October 31, reaching 24,879 at Vietcombank and up 8.55% since the start of the year. Vietnam's foreign exchange reserves have fallen about 20% this year as the central bank sells dollars to stabilise the currency.
Continued dong weakness and reserve drawdown increase the cost of dollar-denominated feed imports and may constrain the central bank's ability to defend the currency further.
e.vnexpress.netDat NguyenOct 31, 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.
