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The Vietnamese dong has devalued 2.21 percent against the dollar since late 2021 but remains the most stable currency in Asia, according to Bao Viet Securities. Most Asian emerging-market currencies have weakened against the dollar this year, with the Thai baht down 9.42 percent and the Korean won down 8.49 percent.
Regional currency weakness against the dollar raises import costs for feed buyers across Asia, while the dong's relative stability limits cost pressure for Vietnamese buyers.
hanoitimes.vnHanoitimesAug 4, 2022After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
