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The Vietnamese dong held flat in the week after the Federal Reserve's 50-basis-point hike, while most emerging-market currencies fell against the dollar. SSI Securities attributed the stability to a steady supply of US dollars from Vietnam's trade surplus and foreign direct investment.
The free-market rate did rise by VND90.
Dong stability keeps Vietnamese buyers' costs for imported feed inputs predictable despite a firmer US dollar. The pattern shows that dollar strength is not transmitting through to this import-dependent market as it does elsewhere.
e.vnexpress.netMinh SonMay 11, 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.
