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Vietnam's central bank deputy governor said it bought about USD 25 billion over the past two years, injecting dong into the banking system. The move came days after the US Treasury said Vietnam met all criteria for currency manipulation monitoring but was satisfied with its progress.
Central bank dollar purchases add dong liquidity and tend to weaken the dong against the dollar, raising the local cost of dollar-priced feed imports.
vietnaminsiders.comDung DuongDec 6, 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.
