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Fitch Solutions cut its 2021 average USD/VND forecast to VND22,900 from VND23,000 and its 2022 forecast to VND22,800 from VND23,200. It expects the central bank to tolerate a stronger dong to curb imported inflation from high commodity prices.
A stronger dong lowers the local cost of imported feed grains and meal, but the forecast change is small and the effect on global prices is minimal.
aseannow.comASEAN NOW NewsOct 11, 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.
