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The State Bank of Vietnam set its reference dollar rate at VND23,201, up VND3 on the day, with the trading band at plus or minus 3%. The unofficial market quoted VND24,310 per dollar, and the central bank has sold $12-13 billion this year to ease pressure from the stronger greenback.
Dollar strength against the dong raises the cost of dollar-priced feed imports for Vietnamese buyers, and central bank intervention signals the pressure is being managed.
theinvestor.vnNguyen TuongJul 14, 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.
