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The State Bank of Vietnam set its currency fixing at 23,281 dong per dollar, the weakest since at least 2005 according to Bloomberg data. The dong had fallen to its lowest in more than two years in the prior session.
A weakening dong increases Vietnam's import costs for feed ingredients priced in dollars, and reflects broader dollar strength that weighs on commodity purchasing power.
bloomberg.comKarl Lester Yap, Nguyen Dieu Tu UyenSep 8, 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.
