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DBS raised its end-2021 dong forecast to 22,870 per US dollar from 23,070 after Vietnam and the US agreed on FX policy. Vietnam's central bank will refrain from competitive devaluation, and the US dropped the threat of tariff penalties.
A firmer dong and removal of the tariff threat reduce uncertainty for Vietnamese exporters and foreign investment, supporting Vietnam's export-led growth. The direct effect on feed commodity prices is limited.
businesstimes.com.sgAnnabeth LeowAug 4, 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.
