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Shinhan Bank expects the US dollar to rise against the Vietnamese dong early in the second half of 2022 before falling back toward year-end, to around VND23,000. The bank's H2 outlook cites FDI inflows, domestic demand and tourism recovery, while noting slowing external demand and a possible link to yuan weakness.
A firmer dong would lower the local cost of imported feed ingredients such as corn and soymeal priced in dollars, though the forecast is a bank view rather than a confirmed move.
theinvestor.vnBao LongJul 26, 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.
