Loading…
The State Bank of Vietnam sold about US$7 billion in the first five months of 2022 to balance dollar supply and demand. The dong depreciated about 1% on the official market during May and early June, while most major currencies fell much more against the dollar.
Central bank dollar sales hold the dong relatively stable, which limits the rise in Vietnamese feed import costs even as the dollar strengthens globally.
vietnamnet.vnVietNamNet NewsJun 24, 2022Not enough comparable past events yet for a historical read.
After 15 past bullish policy events, US Dollar (Broad) moved a median +0.2% over 5 sessions (53% higher; middle half -0.4% to +0.4%), and +1.0% 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.
