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Vietnamese dong stayed flat during the week after the Fed's rate hike, while the Chinese yuan, Indian rupee and Thai baht fell against the dollar. Saigon Securities credited the trade surplus, FDI disbursements and strong remittances with supporting the currency.
The free-market dollar rate jumped 90 points.
The dong's resilience limits import cost inflation for Vietnamese feed compounders, while the yuan and other Asian currency weakness can weigh on Chinese and regional feed demand and the prices of commodities priced in dollars.
theinvestor.vnVan KheMay 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.
