# DBS upgrades Vietnamese dong forecast after currency truce with United States - The Business Times

> 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.

- Date: 2021-08-04 · published 2021-08-04T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/45853-dbs-upgrades-vietnamese-dong-forecast-after-currency-truce-with-united-states
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Read by commodity

- USDVND: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/dbs-upgrades-vietnamese-dong-forecast-after-currency-truce-with-united-states

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.