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ANZ Bank expects the Vietnamese dong to keep appreciating as the State Bank of Vietnam slows its foreign-exchange reserve accumulation under a July agreement with the US Treasury. The dong has gained 1.5% against the dollar year-to-date, and ANZ forecasts USD/VND at 22,700 by year-end.
A firmer dong lowers the local cost of imported feed inputs for Vietnamese buyers, though the impact on global feed prices is minimal.
ms.octabroker.comSep 29, 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.
