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The US Trade Representative determined that Vietnam's acts, policies and practices on currency valuation, including excessive foreign exchange market intervention, are actionable under Section 301. The formal notice was published in the Federal Register on January 22, 2021 under docket USTR-2020-0037.
A Section 301 determination opens the door to US trade remedies against Vietnam, which could affect Vietnamese import demand for US feed grains and soy products. It also raises pressure for a firmer dong, which would lower USD/VND.
federalregister.govJan 22, 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.
