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The Vietnamese dong has appreciated about 2% against the US dollar over the past eleven months, unusual for a currency that has normally depreciated since 2001. The dollar index held near 96 in early December while the dong's trend stayed firm.
A stronger dong against the dollar lowers the local cost of imported feed inputs such as soybean meal and corn for Vietnamese buyers, though the trend's durability remains uncertain.
vietnamnet.vnVietNamNet NewsDec 16, 2021Not 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.
