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The State Bank of Vietnam widened the daily dollar-dong trading band to 5% from 3% on October 17 and depreciated the dong by 455 to 24,380 per dollar. The central bank said it would keep monitoring the market and intervene if needed.
The devaluation raises the local-currency cost of dollar-priced feed imports into Vietnam, which can reduce import demand and weigh on regional feed ingredient prices.
e.vnexpress.netVnExpressOct 18, 2022e.vnexpress.netHuong DoOct 17, 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.
