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Vietnamese banks traded the dong at its weakest level in two years, with Vietcombank at VND23,510 per dollar. The State Bank of Vietnam let the currency slide to VND23,121, its lowest this year, and has sold over $10 billion to support the market.
A weaker dong increases the dollar cost of imported feed grains and meal for Vietnamese feed millers, supporting higher domestic feed prices.
e.vnexpress.netDat NguyenJul 4, 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.
