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The Vietnamese dong traded flat against the U.S. dollar after the Treasury labeled Vietnam and Switzerland currency manipulators. The dong has moved sideways for most of 2020, and the Swiss National Bank said it remains willing to intervene in the foreign-exchange market.
Currency moves of this size do not shift feed or grain supply and demand. The designation is a policy event with limited immediate price impact.
fxdailyreport.comDaffa ZakyDec 16, 2020Not 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.
