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A Forbes commentary argues that Vietnam's rapid economic swings are driven partly by the State Bank's active management of the dong. It says that an undervalued currency can overheat the economy and amplify those cycles.
Frequent policy shifts in dong management add volatility to the currency that Vietnamese feed buyers pay for USD-priced grain and meal imports.
forbes.comWilliam PesekMar 31, 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.
