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On June 8, 2021, the State Bank of Vietnam cut its dollar buying and selling prices and its reference rate, the first change in half a year. The dong strengthened as a result.
The move followed a dip in the global dollar tied to lower Treasury yields.
A stronger dong makes imported feed ingredients cheaper for Vietnamese buyers, though the effect on world grain prices is minor. It reflects the wider softness in the dollar at the time.
en.vietstock.vnJun 9, 2021
e.vnexpress.netDat NguyenJun 8, 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.
