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The State Treasury of Vietnam bought $150 million in the spot market through a public offering, the first time it has done so. It bought from 30 commercial banks to fund foreign-currency state budget payments.
The dollar purchases add demand for USD and put mild upward pressure on USD/VND. The amount is small relative to the market, so the effect on feed costs is limited.
aseannow.comRams86Oct 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.
