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VNDirect expects the Vietnamese dong to stay steady through 2020 and fluctuate only about 0.5% in 2021. Foreign reserves rose from $80 billion to $92 billion, and the US Treasury has placed Vietnam on a currency manipulation watch list.
A stable dong has limited effect on feed ingredient costs for buyers; the outlook is macro background rather than a supply or demand driver.
e.vnexpress.netPhuong DongNov 17, 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.
